The analysis reviews Bitcoin's price action, currently at 115000, pulling back towards the CME gap around 114300. A long lower wick suggests buyer defense. Momentum slowing, but structure bullish on higher time frames. The CME gap is an initial support. A clean bounce and reclaim of consolidation range targets 123000 all-time high. Closing below the CME gap (114300) could lead to deeper pullbacks to 112000 or 109000. Bitcoin dominance at 60.39%, with a sharp two-week drop. Falling dominance favors altcoins, BTC must hold 60% to stall altcoin momentum. ETH showing strength with ETHBTC pair breaking 0.030 resistance. Consolidating above 0.032, ETH targets 0.036 resistance. Analysis of Pi Cycle indicator forecasts $400000 BTC price in october 2026, however it is mentioned that this indicator is more likely to fail. MVRV Z-Score sitting at 2.6. NULP suggests being in the optimism and belief phase.