The video discusses Bitcoin's current standing at $110,304.84, after US labor market data. An initial rise to over $113,000 was followed by selling pressure. The likelihood of an interest rate cut by September 17 is fully priced in, with a 15% chance of a double rate cut. The S&P 500's performance after initial rate cuts is positive unless a recession occurs. The Bitcoin-to-gold ratio is nearing a breakout. He entered a long position near the $107,498.85 cost basis and realized partial profits, with a $117,857.87 target and a $107,498.85 failure price.