The analysis focuses on BTCUSD. The speaker identifies a bullish breakout after positive news, specifically crypto incorporation for American 401k investments. The bullish breakout reclaims the 116000 level, which is considered a defense of the initial breakout. Resistance is noted at 117300. It is not able to reclaim that level and create a fake out. The analysis expects a stable period before a further move upward. An upside target is set at 119000-120000 if the market maintains momentum, supported by the fundamentals and overall strength. If 114000 level is broken, the analysis would be invalidated.