Bitcoin's current price has retraced to this level, and I am observing the reaction of the 4-week moving average. This is indeed a critical support.

If it can reclaim this line, I will start considering a long position. Once a confirmed rebound occurs, there may be a wave of recovery.

But if this moving average cannot hold and is broken through, the situation will reverse—I will turn bearish and prepare to short.

Next, it depends on how BTC performs at this critical point. Whether the support is confirmed or it continues to decline will determine the short-term direction.