For now, BTC sounds weak and bearish so it will most likely retest lower supports before it recovers to 55k-60k where the bear market will likely end, at that time fasten your seatbelts and enjoy the ride
Long trade is not a good idea yet, instead do your own research if you want to short now it might be profitable
Not a financial advice i’m on weed ;)
If Bitcoin is failing to reach the 41-42K resistance area it means we might see it dip to mid 30’s or even to retest the lower 30’s again in the next few days or weeks, Note ( it’s also possible to reach mid 20’s )
If you are feeling bullish you can invest in DCA method, do not invest too much until the market stabilize and the uptrend is more obvious
In the last few days we had a good pump after several good news including Elons’s tweet, for now i’m still bearish until we break the 41-42K zoon, we’re settling at 40K atm, some experts believe that the bitcoin future options expire on Friday may lead to a dead cat bounce ( bull trap )
Convetred 75% of my portfolio to Fiat incase it dips
Be careful on your future...