On Sunday Bitcoin (BTC) price revved up to rally from $7,115 to $7,642, providing a 7% gain and an unexpectedly strong weekly close, which now has some analysts suggesting that a trend reversal is in the making.
I don't have a cow.
After all it's Bitcoin.
I think, to understand if you are in an actual trend reversal you have to look at the structure, do some technical analysis, and find where resistance and support lines should be. In my own opinion, It's a bear market, then short the jumps. usually if it is an upward trend you will know a dip will still bounce back. It is all about price action. If you have a minor upward movement but in the bigger picture the market is still on a down trend then you shouldn't buy in. You just have to do your analysis first.