The analysis discusses Bitcoin's current price around $112,344. It identifies key levels and revisits a long trade initiated at a lower price point. It states that there are currently higher highs and higher lows, but emphasizes that the overall structure has not yet broken since the all-time high. It pinpoints that there needs to be a break above $113,400 initially to then test the $117,300 price level to break the overall structure. The analyst then shifts the focus to potential bearish outcomes if key support is lost. The current active long trade will remain in place but, if there is a break below, suggests that another test around a lower support price of $90,000 will then occur.