I'll map out recent history but overall the market moves through cycles.   Think of the tides and waves on a sea shore, they work together but each has its own timing.

Heres a chart from a recent channel down, 100% at top and 0% at the channel bottom.  We break channel, which leads to a positive rise.    The last 24hr top was in line with that channel % (Fibonacci retracement) still, marking just a first attempt at recovery.  
Some call this bearish but generally it might just require more time to develop.    I think we dont see action until the tax year ends, I believe some sellers are tied into this and any event that brings together sellers will lower price.



Let me know if you have a specific question or want an opinion.