This video provides critical technical analysis as Bitcoin tests major support levels around previous swing lows from June-October. The host identifies a key RSI trendline on the daily timeframe that has marked significant bottoms since June, noting Bitcoin is approaching oversold territory not seen since early 2025. With the 4-hour RSI already oversold below 30, the analyst outlines specific buying opportunities at daily RSI levels of 33-34 or if full oversold conditions materialize. The video addresses a crucial Elliott Wave question: whether Bitcoin is completing wave C of a correction or has begun a deeper A-wave decline, making this essential viewing for traders planning entries at potential major lows.