To put it simply, price recoveries don't happen overnight, so price remains within a support zone until the weak hands are properly flushed out.
Looks a rejection from the previous short-term support trend-line unsurprinsgly, that's now turned into resistance for the time being.




If you look back at the previous recovery $40K for example, it took over a week before prices moved higher, price tested support multiple times.


Probably yes. Buying at long-term support in a bull market is rarely a bad idea, even if price can test lower in the short-term.