The analysis is on BTCUSD. Bitcoin has bounced back into a resistance area. The analyst identifies swing lows around 107400 as structural support from July 4th and 8th. The price formed a three-wave move down, suggesting a push into resistance, which suggests higher prices. A triangle pattern breakdown led to finding support and a push back into resistance. The structure is still a wave 2 corrective bounce, forming a WXY pattern. A target for wave C of Y was given, with price already reaching around 110353. A target area is defined between the 100% and 161.8% extension levels, or approximately 110130 and 111753. Invalidation is at 109674. A breakout above 112170 would be bullish and the area of 118k to 120k would be targeted to fill liquidity.