The analysis focuses on Bitcoin, identifying key support and resistance levels. The current price is around $111,076. Fibonacci levels indicate a support zone between $106,509 and $101,569. A potential corrective rally is expected to reach resistance around $114,782 to $120,779.The video suggests that substantial down movement is not confirmed and the market may be seeing short-term bounces . The analyst says this moment shows micro support. A trend line needs a breakthrough to make it clear if there is going to be another bounce.