The analysis starts by examining Bitcoin, noting its recent closure of the CME gap perfectly and observing Bollinger Bands on the daily timeframe. The speaker suggests a likely retest to the prior resistance of an inverse head and shoulders pattern on the weekly timeframe, and also examines prior price action on the monthly timeframe. Due to the M2 money supply heading upwards, a test can help continue higher price movement. Good support on the inverse head and shoulder resistance plus good support and liquidity makes for bullish Bitcoin. The analysis predicts a bounce, suggesting to take advantage to long, with a linear daily support. The speaker is bullish due to the bearish sentiment on August and in prior weeks long positions have been profitable. Altcoins will lose dominance relative to Bitcoin in the short term, with Ethereum being an area to start longing with lower leverage. The speaker closes by saying that the macro for BNB looks good.