Bitcoin is above the support of the trendline. Many are optimistic that Bitcoin will respect this trend line . But I do not think we have enough evidence at this time. We have to wait for credible evidence in this regard. Below are some of the things that Bitcoin may not do so:
1-The weekly RSI indicator has broken the long-term support line in the weekly time frame
2-In the Dynamic RSI Indicator in the monthly timeframe , after respecting the midline of the channel, we see a downtrend towards the oversold area. (see the chart below)

3-Bitcoin recently broke down the support line which has been above it since 2020. Break Down of Important support lines are usually a signal for a further downtrend

4- The image below shows the Fibonacci fan for the bitcoin chart from 2019. It seems bitcoin to be on one of the Fibonacci fan levels right now, not in the bottom support line

As I mentioned above, trading decisions require clear evidence. At the moment we have no evidence that the level of support was respected or an approved breakdown occurred, and we will have to wait until confirmed evidence to decide on the trading.