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 think, judging by the bearish pattern on your chart, this is a strong indication of a deeper decline. However, this pattern has so far not been confirmed. To confirm this pattern, it is necessary to wait for the price to drop to the level of $47k. Buy positions are not recommended, especially for those who want to invest in the short term. If you want to buy, it's better to wait when the price reaches the $55k level so it's safer to buy.