Bitcoin Technical Setup Update

BTC just broke through a key trendline to the downside. However, here's what's important—the price is now sitting right at a strong bullish order block (OB), which typically acts as a support zone where buying pressure tends to resurface.

Short-term perspective: Given the current price level at this bullish OB, we could see a quick bounce or pump in the near term. This kind of reversal from support zones is pretty common in Bitcoin's price action.

But it's not that simple. There's another order block further below that could become the next target if the current support fails to hold. If buyers can't push price back up from here, BTC might test that lower OB instead.

So basically, we're at a crossroads. Either Bitcoin bounces from this bullish level and makes a recovery move, or it continues declining to find support at the next OB below. The key is watching how price reacts at this current level over the next few candles.