This video provides a technical analysis of Bitcoin, the total cryptocurrency market cap, altcoin market cap, DXY and the S&P500. The speaker notes that over $1 billion was liquidated, and Bitcoin fell below the $120,000 support. A short-term bearish outlook is given. Bitcoin is expected to correct to $111986.2, expecting a local top before potential continued corrections.Total crypto market cap has seen a significant pullback, still green on the weekly timeframe. Analyst is looking at support at 1.02 T if it breaks 1.06 T support.DXY has upward pressure. S&P 500 holds well on the daily candle and is near a target of 6405 which will act as psychological resistance. If a break above 6500 a continuation can be expected.On Bitcoin’s weekly timeframe, indicators, trends, and strength are described. Analysis infers that the trend favors short term corrections for BTCUSDT.