The video analyzes Bitcoin's bearish movement over the past week. It discusses a head and shoulders pattern forming at 124500, which led to a downtrend. PPI data release, showing high inflation, contributed to the price drop. A CME futures gap around 117000-118000 also influenced the downward movement. MicroStrategy's revised guidance on debt issuance concerned investors, catalysing further price decline. Bitcoin has formed a steep downtrending level of resistance. A previous support level at 114700 is now a resistance. The analyst expects that if it cannot return above 115000 within three days, then Bitcoin will revisit the support zone between 100000 and 105000. Bitcoin is below key moving averages, indicating weakness. The analyst is concerned about a revisitation of the support zone of between 100000 and 105000.