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Bitcoin's weekly candle closure is analyzed, noting that it has surpassed the previous weekly range high at $119.4K. However, the cryptocurrency and altcoin market capitalizations face resistance. The DXY is pushing sideways. An inflation report is an economic factor that could influence market behavior. Analysis of Bitcoin's 4H chart shows that, having broken up into a brand-new all-time high, it has rejected that level, finding itself back under at around $123,000. We have also had a solid weekly candle close over that range high at 119.4K. If Bitcoin has broken upwards, the entire cryptocurrency market cap is struggling with that level of resistance. For a rally to continue upward Bitcoin needs to start to find demand in support. If we are to see a break of 50 EMA on the hourly, it would signal potential steep correction. Based on standard data, the 4-year cycle puts the market top window October 7-19. This cycle is suggesting to be toward the end of current cycle, moving to what is likely macro top. The speaker looks at volume and liquidation, with the bulk coming from shorts/longs at a near 50/50 split. This market is waiting the economic data to come out.