‼️$BTC update: Support bounce or just a retest in disguise?

Bitcoin is reacting off the lower trendline of the descending channel after filling the fair value gap — but here’s the catch 👇

The 200MA isn’t acting like strong support anymore. In fact, price already broke below it, and now it looks more like a retest zone than a bullish signal.

This could play out two ways:

1️⃣ A clean retest and rejection from the 200MA = continuation down

2️⃣ A reclaim of 200MA = chance for bullish breakout from the channel

🔍 Chart attached above for reference.

Not blindly bullish or bearish here — just watching how price reacts at this key level.

What do you think: Retest rejection or breakout confirmation? 👀

#Bitcoin #BTC #CryptoTA #BinanceSquare #BTCUSDT #AltseasonPrep