According to my own strategy based on canals (see my scrypts) the price of BTC is in canal of 62%. I think, the traders may save their positions, and look for downward movement to the canal of 23%. And the upper band of the active 62% canal may serve as a SL point, if the strength of buyers overcomes the resistance. If the price will hit the SL, then the next target will possibly be to 100% canal about $30k.
Note, its my personal view of market!
Good luck in trading!
Welcome to any feedbacks!