BTC has been below the upward sloping Trend (started in October of 2020) for the 3rd day suggesting that more downward pressure is still in the horizon. $40.5 support area is still holding which is also seen as the Head And Shoulder nick-line, however with price consolidation for the last 3 days, price will most likely break the support area to the down side suggesting even further declines to the $29K- $31K area, which is a combination of historical support and up-trend that started in March 2020.
