There are two scenarios for Bitcoin in the short term :
1 - Bitcoin can start a downward movement from 47k area to the bottom of the descending channel which is around 38k-39k
2 - or stabilize its position above 47100 and move towards the top of the ascending channel which is around 50k
The most important area is 45600 which is the midline of the ascending...
as you know etf news about to pop , this is my analyze for current situation, bitcoin can drop from 47160 or 49700 , so be careful and stay away from fomo
-- this is not financial advice anyway and it is my personal prediction --