The analysis focuses on Bitcoin's price action, currently around $114,568. The analyst identifies two potential scenarios: an upside impulse from the $97,604 B-wave low, targeting higher prices towards the $130,000 area, or a diagonal pattern unfolding from the same low. Key support is at the previous all-time high of $111,700. A pullback reached a point that may limit a clear impulse, but also doesn't invalidate it. There's a mention of the pullback's corrective nature and holding above support. A micro 5-wave move suggests an upward trend, identifying a support zone for wave two, holding above $112,624 will keep focus on higher price action. The longer term, reaching $130,000 before a large correction could lead to a larger bear market. The analysis suggests the bullish needs upside momentum to begin the third wave.