The analysis focuses on Bitcoin's recent price action, noting volatility and a bearish Asian session followed by European momentum. It highlights a bullish divergence on the 4-hour chart, where price dropped lower, but the RSI was higher with lower volume. The analyst points out that this recent move induces positive sentiment and the three-day timeframe shows an uptrend. However, the video emphasizes that the price is trading below the 30, 90, and 7-day rolling VWAP, requiring caution. The analyst discusses fundamental uncertainties, notably the World Liberty Financial launch. The analyst is more inclined to price go higher and if we are able to continue to have a strong reaction around 108.5k range as support for the day then we are going to see a local bottom at 111.5k to reclaim seven day VWAP. However, analyst says he is open to the price moving in either direction.