The analyst provides a Bitcoin market analysis, indicating a potential bottom formation on higher time frames with technical confirmations. He anticipates a pullback to the 110800 level, possibly extending to fair value gaps around 110400 and 110000. The 110000 level is considered a key intraday support. Despite potential bearish momentum in the short term, a conservative target is set at the 90-day rolling VWAP at approximately 113000. The analysis suggests that a break above 111600 is possible. The moon phase is new, new moon phases usually tend to be bullish.