The analyst reviews a previous video predicting a Bitcoin wedge breakdown with a target price of $82,000. Bitcoin reached $84,000. The analyst mentions a longer term trade and profits taken. The current analysis focuses on potential future price movements, particularly after the recent dump. Structural support has been reached. Short positions are considered dangerous, but long positions are questionable. The analyst suggests leaning back and letting the market make its moves, anticipating potential relief rallies but cautioning against assuming a bull market continuation. A warning against getting trapped during an upside pump is given, advising investors to wait.