At the level of $34,000 bitcoin found a level of support. After that, the price returned to $39-40 thousand. Now we can note the level of $39,865. This is a key level. Squeeze and breakout will be a positive signal.

Additionally, we would like to highlight that there are large volumes at the bottom. This is a good signal. At this point, there is a possible scenario of breakdown of resistance and continuation of the uptrend. Squeezing and breakout of the key level is a good opportunity to buy.

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P.S. I personally will open entry if the price will show it according to my strategy.
Always make your analysis before a trade.