Bank of America analysts say Bitcoin is in an oversold sector. Michael Hartnett warned that if the S&P 500 falls further to around 6600 points, it could trigger a policy response from the White House or the Federal Reserve. Hartnett cited soaring oil prices, the protracted conflict with Iran, and global instability as triggering factors. He also noted that assets such as gold, semiconductors, and European stocks are already overbought, while oversold sectors like software, bank loans, and Bitcoin may stabilize after policymakers intervene. Potential interventions include easing tariffs, de-escalating the conflict, or stimulus measures from the Federal Reserve such as interest rate cuts and bond purchases.