Bitcoin is forming an H&S pattern which is a bullish pattern. Currently, the market is at a standstill and is waiting for US Markets to react to the Russia-Ukraine Situation. A fundamentally strong event is happening internationally which can shape the markets for months to come if a war happens, the best strategy for me right now will be to wait for the market reaction to the to-be or not-to-be war.
From a technical analysis point of view Bitcoin has taken a healthy correction and a point of $40,200 is still not a stretched out possibility as it will liquidate a lot of long positions and that is always a good signal for a good Pump, accumulate alts at sale and stay out of leverage