The trend is still negative, and I expect it to fall again. If the level of $37,700 is maintained, has a suitable trading volume, and a suitable candlestick is formed, it is ideal for entry.
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Bitcoin is likely to go sideways or hover around $40,000 (5-10% price change) for 1-2 weeks more, Because of the major support at $40,000 and the resistance at $44,000.
If the daily candle closes below $40,000 then the next important support level to watch is $37,000. Bulls will take over the control if the Daily candle closes above $44,000 resistance.
Altcoins are not looking good.