A clear trap-building action has appeared around $42—bearish news combined with sell-offs, and the 15-minute chart briefly broke below support before quickly rebounding. This kind of movement is often a sign of shakeout, where panic selling and cautious funds are being cleared out.

Currently, trading volume has suddenly increased, and the price has re-established itself above multiple short-term moving averages, indicating a bullish technical setup. From the candlestick pattern, a quick recovery after a false breakdown usually confirms a bottom.

My personal judgment is that an upward trend has already formed, and now might be a good time to enter. Of course, there could still be minor pullbacks to test support in the short term, but the overall direction is unlikely to change easily. Whether you can seize this opportunity depends on your risk appetite. Those who agree can consider positioning, while those who disagree can continue to observe, which is also normal.