[00:20] Daily RSI Approaching Key Trend Line: Bitcoin's daily RSI is approaching a critical trend line that has triggered upside reactions since June, with significant swing lows aligned at this level in August and September 25th. Breaking below this line would signal oversold conditions—a rare opportunity the analyst plans to buy.

[01:07] Buying Strategy for Oversold Conditions: The analyst reveals their buying strategy, stating they purchase when daily RSI becomes oversold (hasn't happened since February/March this year when they last bought). They're watching for support at 33-34 on the daily RSI specifically.

[01:32] 4-Hour Timeframe Already Oversold: The 4-hour RSI has dropped below 30 into oversold territory, historically leading to upside reactions and often creating bullish divergences when a lower low forms afterward—a pattern that occurs frequently on this timeframe.

[02:03] Two Elliott Wave Scenarios: The main question is whether Bitcoin is in an extension of Wave C or Wave A of a correction, or already in the C-wave downside with the B-wave having topped. The reaction around 99K will determine which scenario plays out.

[02:40] Expecting Lower Low Below October 17th: The analyst anticipates another low below the October 17th swing low, which would represent an extension of the C-wave decline from the all-time high, forming a larger five-wave decline pattern.

[03:23] Five-Wave Decline Structure Identified: A clear five-wave decline pattern is identified from the October 27th high, suggesting the orange count (corrective scenario) will likely be invalidated, though this doesn't necessarily mean a crash to 99K given oversold conditions.

[04:19] Resistance Levels Defined: Key resistance is mapped between 110,460 and 114,372 for any corrective bounce, with the analyst treating the current move as a five-wave decline that could extend Wave 4 or Wave A.

[04:52] Critical Support Range and 99K Target: A structural support range exists between 104,200 and current prices. If this breaks, the door opens to 99K where the 55-week exponential moving average is located—the next major support level.

[05:11] No Upside Reversal Signals Yet: The analyst confirms no upside reversal signals have appeared yet, with the local trend remaining down. Clear levels established: 99K for the 55-week EMA and 104,200-105,000 for current structural support.