The analyst discusses the Bitcoin price chart, noting its current position within a $108,000 to $112,000 support zone. Key points include: weakness is acknowledged with potential downside risk, though major support at $108,000 is holding. A bullish market support band offers further support. However, short-term bearish signals are emerging, with a lower low being established on the RSI and a resistance support flip at a red trendline extending from 2017, and a break from the uptrending support line from April 2025. The analyst explains if Bitcoin drops below 108000, he'd be cutting losses and suggests what needs to happen to avoid the breakdown, which is retesting the bottom of the triangle from there and then breaking upwards. Mentioning that the Red September theory where he disagrees will be discussed on the next video