The analysis focuses on Bitcoin (BTCUSDT) using Elliott Wave theory. The current trend is identified as bearish, with the price having completed a 1-2-3-4-5 wave pattern. The projection is for a further downtrend, with potential targets around 70,000 and 67,000, based on Fibonacci retracement levels. The 1-to-1.618 Fibonacci extension levels are noted as key areas of interest. The analysis suggests that the price is currently in a corrective phase (ABC) and may see further downside movement, with the completion of wave 3 potentially occurring soon.