The analysis focuses on the short-term timeframe for Bitcoin. The broader market context remains unchanged, and the ongoing correction phase is still in effect. The analyst is tracking a potential ABC corrective structure, with caution advised against interpreting it as an impulsive upward trend. As long as BTCUSD stays below $112,173.26, the trend remains bearish. Targets were identified to the downside between $106,509 and $101,569.