The general hope is in a recovery into the 52-54k price area. (Possible short entry)
Bitcoin /USD sits on a flipped SMA 200 & 300 support with a downwards trendline. (Possible long entry)
Resistance comes from many different price level angles.
The risk to test support bottom at 42k remains. (Possible long entry)
Many possible worst case scenarios once 42k level breaks.
The weekly MACD shows bearish signal / trend reversal. Means further downtrend or at least a consolidation is very likely.