The analyst discusses Bitcoin's recent price action, noting it went up to $122,000 and is now falling. The analysis aims to break down the Bitcoin chart to identify key levels. Referencing a previous video, the analyst recalls the prediction that Bitcoin would reach $122,000, which it did before declining. The current analysis suggests that reaching previous highs is often followed by liquidation. The model highlights a higher low formation, which suggests a break in the previous dumping structure. A lower low would have been a danger signal. The expert expects a small red valley on the Green Valley indicator before a move upward, aiming to fill the absorption candle on the daily chart. The timing is assessed as good for forming a green valley. Long and short opportunities are available to trade Bitcoin. Target 122000 fail bound 116300.