The analysis focuses on BTCUSD, using Elliott Wave to predict potential upward movement. The analyst identifies a completed wave one, followed by a WXY correction, and expects further upward movement after the daily close. A target of 118872.05 is set, corresponding to the 1.618 Fibonacci extension, with a fail bound at 112574.10, based on wave 4. The analysis also addresses Bitcoin dominance (BTCD), identifying an upward trend, possibly forming a WXY pattern, after passing 1 to 1 Fib level with a target around 62.79, the analysis could fail if BTCD goes below 61.73.