The analysis suggests that Bitcoin has tapped a blue zone multiple times, indicating it's a standard target area for a C wave. It considers a triangle pattern formed on September 6. A support area to watch is between $113,500 and $115,000. If a B wave bottomed around September 6, the current C wave is part of a corrective rally. If the low on September 6 holds, this is a 1-2 setup, and a third wave might have topped already, with a fourth wave forming over the weekend before a fifth wave up. The presenter prefers one more high if the support holds. Breaking below $113,500 would change the structure.