This it's just my Bitcoin perspective. So, based in my perspective. Bitcoin find up a strong support in the $46,667 USD. So, I'm still bullish on Bitcoin.
Now, in case if Bitcoin invalided this scenario and to consider a bearish movement, I hope that Bitcoin going below of the 2nd support in the $44.043 USD, if that occur, I will put in alert to a drop in the price. But now, I'm enfocous and I look that it's bullish in H4 timeframe and there's bought around the 1rd support and strong support above of $46,667 USD.
Now, in Daily timeframe there's not information to short or long Bitcoin, but we could to look in H4 that it's still bullish above of this strong support and past bearish channel that we formed. You can to entry in H1 timeframe. But I don't like to trade in H1 timeframe just I use H1 timeframe to trade Forex only, and also H2 timeframe it's vey good for cryptos.
Remember: This it's not my advice, use your technical analysis to create a trading plan widely. And also, I make 167% in this year and I have left of 33% to complete my trading goal of 200% in this year. As I have this strategy to find up 200% yearly and be consistent to find up my goals.
In my opinion, we are in a bearish trend.. you can confirm the idea from RSI and MACD, you can see a real crisp bearish divergence on 4H chart... and on a 1D chart you can see the BTC made 4 higher highs and 1 lower high before the crash, this time its making the same pattern again and also the same bearish divergence in RSI and MACD