The analysis discusses Bitcoin (BTCUSD) hovering around the golden ratio level (61.8% Fibonacci level) at approximately 117,000 and the CME gap closure. The analysis presents a scenario where wave one concluded around 112,000, and they holding the 61.8 fib level. It anticipates a potential B wave bounce, aiming for 120,641 and potentially 121,448. If a corrective pullback occurs, $114,471.81 is seen as critical support based on 78.6% fib level. No clear divergence is identified, the downside momentum decreasing. Overall, the video leans towards bullish expectations, conditional on maintaining specific support levels.