In the previous bull market (the 2020-2021 season), we often used the 1D MA30 as the dividing line between bull and bear markets for BTC's medium-term trend. A break below would be confirmed after five consecutive K-lines;

Now, SPX has already broken below the 1D MA200, confirmed after six consecutive K-lines.
Sometimes, doing nothing is the best move, because in the current market, you never know what unexpected actions the market makers might take that could significantly impact the market trend.
At this stage, holding cash is the right move.