The analysis focuses on Bitcoin. Good news yesterday regarding Nvidia earnings beating expectations, but the price still dumped. Despite Nvidia's earnings, whether better or worse than expected, the price typically falls. After the dip, Bitcoin showed strong support and started moving up. The analyst broke above 112.5. The volume is low and news are important now, the GDP data today will likely cause short-term volatility. The analyst talks about jobless claims also but the GDP data alone will not influence the price too much. The price action relies on the inflation rate. If the GDP increases and the inflation rate decreases, then increasing GDP will be positive. If the GDP is slowing down but inflation is slowing down that is good because then the monetary policy can get less restrictive. Bitcoin needs to hold above 112.5 and is OK to spike a little lower.