Right now Bitcoin and other currencies following it are caught in a channel that is making it difficult to place the entry position.
Right now I would not recommend entering a trade unless BTC crosses $7800.
If it does cross this point it will mean a bullish sentiment is back and moving in the correct direction.
We aren't there yet and its gonna require more patience.
The best thing I learned early on in investing is that its those that are patient can win, but those who are afraid to make split second decisions can get swollowed up in these markets as well.
So its a tough double edge sword at the moment especially for new people entering the space. The psychology of trades is fascinating as people are simple animals that follow patterns whether they know it or not.
In the case of crypto , cost averaging and stop losses are your friend and i'd even say they are the religion of successful crypto hodlers.
Cheers
Dante
disclaimer:trade at your own risk, these are merely my opinions expressed.