The analysis of BTCUSDT is performed using technical indicators and chart patterns on TradingView. On August 16th, volume is identified as declining during a downward move, which is viewed positively. The presenter suggests that the drop from August 14th wasn't as bearish as expected, considering past movements. They express surprise that volume didn't continue a downward trend following the 15th August drop. There is speculation about a potential bear flag formation with a measure move that would take it to the $112,200 range. Given a bullish trend, bear flags don't always perform as expected, and they show an example of an instance where a bear flag ended in a bullish move. There is another potential move to 121000 USD, however, a decrease to 115000 USD or less is predicted and the price of 119000 would invalidate the analysis.