The analysis focuses on Bitcoin's price action, noting it has been bearish on Thursdays in the past month, with Wednesday being good. A break from the bearish Thursday pattern is seen as possible today. The current price shows derisking with low volume, with support found before reaching the crucial 110000 level. The speaker anticipates testing 110000 but expects it to hold, leading back to the 90-day rolling VWAP level. Success depends on news tomorrow. Overall the speaker presents a bullish outlook contingent on key support levels holding.