The analysis suggests that Bitcoin's correction is still unfolding. The analyst identifies a potential support zone between $106,509.21 and $101,569.85, highlighting key Fibonacci retracement levels. The analyst mentions previous resistance area around $109,100 acting as potential support, pointing out the volume profile indicator to identify further support around $105,000. The actual market trend is bullish but the correction is still unfolded. There are two possible scenarios: that any B wave bounds and if prices breaks below a $109,804.72 the bearish correction is continued targeting lower prices