The analysis is on BTCUSDT pair. The analyst observes that Bitcoin has closed above the 55 EMA, which is considered bullish. He wants to ensure it's not a dead cat bounce, suggesting potential downward movement before continuing upwards. He notes bullish divergence in the daily timeframe, with a target around 110,000 to 112,000. However, on the hourly chart, he sees a massive sell-off. He suggests that the current area is not the best to buy, with 101,000 being a better entry point. He is not trading futures, preferring spot trading. The analyst sees potential to move up but to turn super bullish a break above 113,000-115,000 is needed. He wants to see the trend line to lose the strength.