Bitcoin at Support

I'm currently looking at the GDAX orderbook on BTCUSD - hard to ignore all that resting liquidity on the book down in the 30k-20k range. My bull case: dead cat bounce here, one last push down to 40k or below before resuming path to ATHs. My bear case: clear rejection and immediate push below 40k. Should be interesting few weeks/months as this plays out.