Bitcoin is still sitting in the current, sideways funnel. While there is a lot of intraday movement the past few weeks, we still haven’t seen BTC break above $40k or below $30k decisively. There isn’t a clear direction yet, but could still be a nice accumulation point.
Sometimes funnels like this can denote what’s called a “bearish flag” signal. This is something to keep in mind if BTC can’t continue to make new highs in the coming weeks.