Bitcoin's near-term trend stays intact for now, but two specific price levels mark where things would turn ugly for bulls.

• The first warning line is last week's low, meaning a close below it opens the door to a short dip.
• A deeper drop into the mid-$75,000s would still be a normal pullback, not a trend change.
• The real danger zone is much lower — a daily close under $35,000 would be treated as proof the rally was a trap all along.
• Until either level breaks, the longer-term bullish outlook holds.

Outlook: Bitcoin stays bullish above its recent low, with only a close under $35,000 seen as a game-changer for the worse.

## Bitcoin Levels

• **Bias:** Bullish while above key support; long-term thesis intact unless deep levels break
• **Support:** $79,700 (last week's low, daily close basis)
• **Targets:** Short-term corrective move toward $77,500–$78,500 if $79,700 is lost
• **Invalidation:** Daily close below $35,000 — would signal the rally is a bull trap