BTC may have another drop and only then retrace back to the trendline. It depends also with how the momentum of the buyers/sellers.
This is not any financial advise on whether or not to buy/sell.
This is just what I think based on my analysis.
At this moment to know the direction of the cryptocurrency bitcoin is unknown but as far as i know, if btc price is going to drop for a retracement, first they have to shoot up as high as possible after wiping off the retailers and the intuitional would be cashing out when all the early buyers enter the market. so selling at this point is very very risky and also...