Ideally I would like to see BTC reverse near the 40k level to maintain a healthy longterm uptrend but I can't ignore the possibility of a dip into stronger resistance at 30k. This is not a chart to trade by. I plan on accumulating BTC for years to come and this is the current levels I am looking to purchase BTC for my spot holdings.
Obviously this is just my take on the market but please feel free to share your opinions in the comments.