We are still in the bear market I believe. But what I see and observe is that some traders are taking advantage of the market dip which makes them profitable also. I guess bear mode is important because the market needs to go through a cycle and bear cannot be avoided.
There are advantages in the market's recession, it's a peculiar moment of accumulation when the market shrinks as a spring in order to increase rapidly. This is a good time to buy for a long-term and to keep your and then to get a big profit.