$BTC 61.3K Is the Key Level for the Next ScenarioBitcoin / TetherUSBINANCE:BTCUSDTTrader_GeminiBTC bounced well from the blue support zone discussed in the previous analysis. The current structure is not about forcing a bullish or bearish conclusion too early. The key level I am watching now is the 61.3K area. As long as BTC holds this level, the upside scenario can still remain active. If it breaks, the bullish scenario weakens significantly. Market structure: The previous blue support zone produced the expected bounce. However, this kind of market can easily trap traders. A bounce can make traders think that the market has fully turned bullish. Then, when price pulls back, the same traders may quickly flip bearish and short near the lows. That type of emotional switching can create unnecessary losses. My approach was different. I built short positions into strength, reduced short exposure into weakness, and added long exposure around the planned support area. The goal was not to predict every candle perfectly. The goal was to respond around the planned zones. Wave structure: BTC currently has two possible ABC scenarios. The blue ABC scenario suggests that more upside may still remain. The orange ABC scenario suggests that the corrective bounce may already be complete and downside can begin from here. At this stage, both scenarios are possible. The orange scenario can already be viewed as complete, so it should not be ignored. However, the blue upside scenario also cannot be ruled out yet. Key level: The most important level is the 61.3K area. This is the recent swing low. From a wave perspective, it can be viewed as the starting point of the C wave. From an ICT perspective, it is also a recent key low. For the bullish scenario to remain valid, BTC should not break this level. Scenario: As long as BTC holds the 61.3K area, I can still consider long entries on pullbacks around the blue box. If price reacts well from that zone, the blue ABC upside path can remain active. If BTC breaks below 61.3K, the bullish scenario becomes much weaker, and I would shift focus back to the downside structure. Risk point: This is not a blind bullish view. The downside risk has already been prepared for. Because of that, I also need to stay open to the upside scenario if the market continues to respect the key level. The market does not move according to what we want. That is why I prefer to define clear levels and respond based on whether those levels hold or fail. Conclusion: The current market should not be approached with a fixed bullish or bearish mindset. The key is 61.3K. Above 61.3K, pullbacks into the blue box can still be considered for long setups. Below 61.3K, the bullish scenario weakens significantly. This is a market structure analysis, not financial advice.