BTCUSD - Buy the dip?

I saw an area of confluence at around 40k - 42k. As you can see, the 161.8% and 61.8% Fibonacci retracement also the 55 daily EMA is currently sitting in that area. When the price reaches that area, there's a high probability that the price would rebound. So the 40k - 42K level is considered as a pretty good buy area. But there's also a probability that the price would go through that buy area and bounce off from the 21 weekly EMA (147 daily EMA).