the only thing BTC has left is to avoid printing a new low.Bitcoin / U.S. dollarBITSTAMP:BTCUSDBEFBUNNYAs I mentioned in my previous BTC analysis, if the conditions for a move down were met, then we would most likely see that drop, and that is exactly what happened. BTC has now reached the $66,000 level, but there are a couple of things that really catch my attention. NQ and ES are trading at all-time highs, while BTC continues to lose zones that were extremely important. I believe something much bigger than we currently imagine may be coming, but it is still too early to confirm. So, what do we still need in order to keep thinking about a bullish scenario? At this point, the only thing BTC has left is to avoid printing a new low. And where would that be? Practically speaking, BTC should not close any candle below $64,000. If that level holds, we could start talking about the possibility of a higher high. It would not necessarily be something extremely strong in the short term, but it could still push BTC back toward the $72,000 to $74,000 area. But what happens if the market closes below $64,000? In that case, BTC would print a new low, and that would be very negative. It would practically confirm that, even in an “optimistic” bearish scenario, we could be heading toward $56,000. In a more pessimistic scenario, we could even see prices below $48,000. We will continue updating the BTC situation day by day. For now, all we can do is hope not to see a close below $64,000. If that happens, the best approach would be to wait for consolidation and look for short opportunities. Things are not looking good for BTC right now. ETF outflows are clear, and the mindset on Wall Street is becoming dangerous for crypto. They played with BTC for a while, but now the stock market is attracting them with truly impressive numbers. The AI sector is moving with incredible strength, and some of those stocks are rising almost like pump.fun memecoins. For now, caution is key. BTC is at a very important point, and the $64,000 level could define whether this is just another correction before a move higher, or the beginning of something much deeper. Not financial advice. Stay sharp and manage your risk.