The presenter discusses Bitcoin's daily chart, noting it looks 'toppy' but hasn't broken significant swing lows. Key support lies between $101,569 and $112,954. A five-wave move down breaking support would confirm a bear market. Correction began post all-time high. It's too early to confirm a top. Support break is treated as a signal. Correction remains in place but it's corrective in nature. Pullback is corrective, a three-wave move down only. I'd would need to see a break above $115,950 to see a bullish trend. He considers there to be downward pressure.