We are on a bear market (way more than 20% drop from the 52 high) and you say we are bullish? Sorry but it's not a very good way to trade to mix aspirations with reality. The trend is bearish. Don't fight the trend.
I don't agree with any of you, Because we can not say that we are still in bear market anymore. We reach lowest limit (floor) before almoust two months if i remember corectly, when the price reached about $ 5,800, and after that price never fell below that mark.
One of my friends always used to say, "support was meant to be broken." Maybe it hasn't fallen below that mark
yet because it's only been a month, and markets don't move in straight lines.
I consider it a bear market until bulls prove otherwise by forming a higher high above $7,426. That can form the basis for an uptrend. Until then, we should bear in mind that a sideways consolidation following a leg down suggests bearish continuation:
https://www.investopedia.com/trading/continuation-patterns-introduction/It's definitely not a sure thing, but it makes me nervous to see lots of people declaring the bear market over.