The analyst presents a bearish outlook on Bitcoin (BTCUSDT) for the next 48 hours. He notes Bitcoin has failed to break resistance at $115801 and has broken below a short-term uptrend, suggesting a retest of $112000 is highly likely. The analyst references the Bitcoin all time high set in may as a high resistance. Long-term, the analyst remains bullish, given Bitcoin's 15-year uptrend but believes current conditions warrant caution. The next support lies in the $107000-$110000 range and warns against high leverage long positions and the potential for significant liquidation below $111900. The long term cycle still needs to be proven. He suggests to exit any long positions.