Covid 19 has certainly weakened economies around the world and the current war in Ukraine is making this situation even worse. I think that just like the financial markets around the world, the cryptocurrency market will also suffer. I am afraid there may be further price drops in the coming weeks, so in my opinion I would wait some time before deciding to invest.
Although the effects of the war between Russia and Ukraine will not always have a significant effect on the crypto market, the conditions are still very tight because the impact of bad news will cause the market to crash, the market is still in an unstable condition so it's best to resist your urge to buy now because it is still there is a possibility that the market will go down after this recovery.
You are right, for now the market looks very difficult to be in a stable line. Too many factors affect market prices due to overlapping war contributions. Plus the increase in interest rates requires people, especially in the US, to save more. Looking ahead this summer will further push prices below $35K for some time.