Contenders and Rebuilders
Some teams are in the cotention for a championship with their talent.
There are other teams that are more focfused on rebuilding their teams based on the next NBA Draft and current trades though. The Dallas Mavericks with Cooper Flagg is one example.
Eastern Conference
The Eastern Conference is still competitive, and there are a bunch of teams in close standing for their records.
Western Conference
The West is also still very competitive, and they made numerous trades to make them to look even more so during this years playoffs