We can see that there is a bearish channel pattern in bitcoin and this is Bitcoin's current position, which is already in a bearish phase. Before there is a breakout of the resistance, the current Bearish will continue to occur.
If you want to invest or trade, it's better to be careful because the potential price towards the $40k level is still possible.
I previously seen that price rages below $50k last few days but it eventually recovers until now. Though there's another chance that we might see another potential collapse of btc price, still taking an entry point while strong resistance is there danger zone could be present. Most importantly we must think of long term holds instead of quick trading for a meanwhile.