The video discusses Bitcoin's current price at 109586.00, noting it seems to be in free fall but this is not dramatic. The video suggests fresh longs are coming in around the 106.7K price area. There are 20 billion in shorts piled up. The video presents potential dip toward 108.3K, suggesting we could reach 106.6K. A CME gap exists up at 116000.00 - 117000.00. The content further presents that over the past one and half month it has been predominantly red. Suggesting a strategy based investor who invests with logic can handle finances better than investors with emotions. The video suggests the upside target is 124000.00, setting that as an upside with failure set to be when the price hit the 104000.00 range on the charts.