The analysis assesses Bitcoin and Bitcoin dominance using Elliott Wave analysis. The video suggests the CPI data may be construed as bullish, based on its proximity to prior forecasts. Bitcoin price action is analyzed from the 2-hour chart, indicating a potential wave four completion with no bearish invalidation yet triggered. A bullish scenario targeting 126233 is posited, contingent on maintaining above 118101. A bearish alternative is explored should there be break below 118101. The Bitcoin dominance chart suggests a zigzag correction in its recent downturn. It should reach a high of 61.43 if corrective phase completes.