It only means that investors are waiting from the outside and not wanting to enter the market unless there's some good news to ride the second wave to at least reach 5 figure mark.
This is the first time I have been in a bear market so its good that at least I know how to react and be more flexible. As for new ATH this year, I seriously doubt that we are going to get there. So let's see how it moves in the next 48 hours, after all this market is based on pure speculation so we can't really say if the bear season is over or the bulls is slowly gaining some grounds.