The analysis forecasts a bearish trend for Bitcoin. It highlights that the market is pessimistic. According to the video, there's an invalidation if the price moves directly after wave three finishes. Each time a wave three completes the price dumps directly, the extended wave, wave three, finished as an impulse. The analysis emphasizes a confirmation for a bear market closer to $112,000. If this level is breached, a bear market is confirmed. A zigzag is identified. The Bitcoin dominance is showing a double one-two, a wave three finished looking for 4545, with the dominance invalidated at the 60% mark. There is an unfolding wave to the downside target 67030 and invalidation level $119464.