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$BTC is sitting right on a major higher timeframe support trendline.
This level has already acted as a strong bounce zone multiple times before, which makes this test extremely important.
If bulls defend it again, Bitcoin could see another strong recovery bounce from here.
But if this trendline finally breaks, things could turn ugly fast and a heavy dump scenario comes into play.
Big decision zone right now.
Either another bounce begins here… or volatility explodes to the downside. 👀
#GateSquareMayTradingShare
Price pulling back into retest mode right now.
If it holds, $87,000 is the next major target and a structural level. Short-term setup favors the bulls.
Keeping it on watch.