Overall my inclination longer term is not negative but my reasoning for why BTC can sell when it fails to rise is a general one always true,
hot money. BTC is massive compared to how it started but its also got this big by involving hot money, borrowed cash and leverage sent by FIAT Dollar. Some people buy a price with zero genuine interest in that market, they need that price to move even a flat price is costing them
Leverage is toxic to BTC, its a terrible idea with oil and water dont mix levels of rejection if people dont make their profit off their dollars speculated they will retract harshly at times. If you give me 100k and 2 months all I can do is give you back 100k maybe 97k as I spent a bit, its a disappointment far worse if you had costs to give that 100k that I returned no benefit to you on.
A friendly loan and you had it spare its fine, if you made an effort to bend over backwards with cost of leverage to put that money out there in BTC market it can hit a bit harder and price can snap back a bit faster then expected. Its only been a month and bit since todays price first registered, it might not matter so much just yet Im jumping the gun but thats why Im with my attempted analogy of us sitting in the desert sun; its only time but doing nothing could increasingly be hurting some parts of the market.
Some people say you should sell about now every year and come back in the autumn.
Halvening is an event that is anticipated and price speculated beforehand but actually matters cumulatively over the entire year(s) afterwards so yea longer term but near term we have to watch theres no sting in a sell possible around 50 DMA. 62k is the bottom edge of this higher range, I'm drawing a line in the sand there; on the graph