The speaker discusses Bitcoin's price action using various technical indicators. Analyzing the 24-hour chart, the speaker identifies the red 3 EMA and the yellow 21 EMA. A CME daily setup trigger happened, suggesting a minimum correction down to the green moving average with a 78.57% profitability. For scalps, a buffer zone is located at 117500. Historical price action on Tuesdays suggests an average gain of just over 2% for positive closings and a 1.75% loss for negative closings. A bullish August is predicted as a bullish trend. On the 4-hour chart, hidden bearish divergence was confirmed. The analyst looks at the monthly time frame, and the analyst says the coin has a strong relationship closing to the 5 EMA. A cross down from 118400 would mean higher time frames are in bearish momentum. The Advanced stoch indicates the same and points to 121500 as a point of failure to break to a higher trend. The analyst expects a re-connect with 5 EMA, and overall momentum is pointed downwards and the analyst says not to bet the opposite direction. A breach of 117500 is needed to claim upwards momentum.