The analysis focuses on Bitcoin (BTCUSD) utilizing Elliott Wave theory and Fibonacci retracement/extension levels on a 1-hour timeframe. The speaker confirms the successful completion of an earlier target, specifically around the 98,000 mark, identified as the 1.272 Fibonacci extension. Current price is noted at approximately 97,336.17. The immediate projection involves a corrective Wave 4, expected to retrace to either the 0.236 or 0.382 Fibonacci levels, specifically targeting the 96,307.87 to 95,243.71 range. Following this anticipated Wave 4, a subsequent Wave 5 rally is projected, aiming for a new higher price, potentially reaching the 99,171.22 level, which corresponds to the 1.618 Fibonacci extension. The analysis also specifies a critical invalidation point for the bullish outlook at 92,519.36. The overall sentiment remains bullish, with a short-term pullback expected before the final upward price movement.