The analysis focuses on Bitcoin (BTCUSD). The current price hovers around $109,588.16. A local bottom is expected, targeting a move to $112,000. A move above $112,200-$113,000 is necessary to confirm a real bottom. The analysis points to a possible move up, although a low-volume spike down to $107,500 is also plausible, suggesting a three-drive pattern formation. This week's economic data is expected to introduce the unemployment rate and nonfarm payrolls on friday and JOLTS job opening on tuesday which might affect the price. Volatility index decreased so sentiment in the market is good. Strong high time frame support level.