The analysis focuses on Bitcoin using Elliott Wave theory. A potential 1-2-3-4-5 wave pattern is identified, suggesting a finished ABC correction. The trendline has been broken. A target for wave 2 is estimated between 111,135 and 112,169. The analysis suggests a move downwards, implying a bearish trend for wave 3. However, it's also mentioned that a break above the 0.886 Fibonacci level (around 112,769) would invalidate the 1-2 setup and is confirmation for a higher.