Bitcoin broke down through the support of a clear upward channel. It has now bounced back up, but the support of that upward channel is now resistance. Tread carefully. I would not buy until it closes above this resistance on the 4 hour. There could be better buying opportunities below 
42K if it breaks down. Now is not a time for action, it's a time to watch.
42K if it breaks down. Now is not a time for action, it's a time to watch.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.