BTC Structure at Decision Point Hold $60K or Correct to $34KBTCUSDT Perpetual ContractBYBIT:BTCUSDT.PwesladPrice is currently pulling back into a key horizontal level (Support & Resistance Block) which previously acted as a strong resistance, rejecting price on multiple occasions before the eventual breakout. That breakout flipped the level into support, and the current retest is a critical validation of its strength. So far, price is showing a reaction (bounce) off this zone, indicating buyers are still defending it. This makes the current structure a potential classic breakout–retest scenario, where holding above the level keeps the broader bullish structure intact. If this bounce gains strength and price pushes through the resistance block around 78K–98K, it would confirm continuation and open the path for a larger upside expansion with projected target pointing towards $300k. However, if price fails to build momentum off this support and faces rejection from the resistance block, it will indicate structural weakness, opening the door for a deeper correction toward the $34K region, aligning with a typical rising wedge breakdown target. At this stage, the market remains at a decision point, and the reaction from this support will determine whether price continues higher or transitions into a broader pullback. We are currently positioned long from around $65K, with risk already secured (stop above entry), and will continue to hold until price invalidates the setup. Key level to watch remains $78K a clean break above this zone should trigger strong upside momentum expansion.