The analysis focuses on Bitcoin (BTCUSD) using Elliott Wave theory and Fibonacci retracements on a 30-minute timeframe. The analyst identifies two potential pathways. One scenario suggests a five-wave decline followed by a larger B-wave bounce targeting 118k-120k. Alternatively, the analyst considers a C-wave decline after an A-wave and B-wave formation. The immediate focus remains on a micro support zone with a potential rally toward 114k, and identifies the need to hold above 109556.96 in order to invalidate the analysis. Resistance is noted around 114373, and previous swing high near 114854.