The analysis begins revisiting the daily price action statistics and historical price data for winning and losing Thursdays. The current price of BTCUSD is around 112758.33. It revisits some historical price data on the daily chart, noting that BTC often sees a first test rejection. The target price is 116550.48 and failure can be set for 106321.06. In this analysis Phantom drive on the six hour time frame for Bitcoin is indicative. The analysis suggests extremely short term downside action is on its way. The presenter says the current downside is not going to set new lows here.