Bitcoin is now at a high timeframe level, which should be acting as a do or die support level.
There's however a few possible scenarios from here, and the easiest one for taking a trade would be a fake out below, followed by a reclaim of the level (green arrows). This would help defining the risk at the swing low, and would be a high probability long trade.
Trade active
⋅
green scenario is playing out perfectly, and i do expect a cooldown to the highlighted area. if it holds, i expect the structure to turn bullish