The analysis discusses the potential for a larger correction in Bitcoin, labeling the current movement as a Wave 2 correction after a Wave 1 top. The analyst outlines a bearish scenario where Bitcoin could drop to around $83,166, but remains overall bullish, anticipating a B-wave bounce in orange. However, in the short term, Bitcoin might decrease to around $101,000. The most bullish scenario, marked in white on the chart, suggests an internal Wave 4 correction with the possibility of a final high. Distinguishing between a direct rally and a larger correction requires monitoring the area from where the next bounce occurs. Key support is identified around $101,560 and any break below it would indicate a larger correction. The relative strength index suggests there is room for additional price drops. Initial resistance is set at $112,170, where if this price is reach, it would indicate a rally.