I don't think it looks bullish in the crypto industry just because it's a Golden Cross. It might happen in the stock market or the FX market, but in the crypto market, powerful tweets can cause another massive drop. We may have whales reducing the price again, or any number of other factors could cause bitcoin to plummet. As a result, I do not believe we are in a position where bitcoin will see a long-term bull run just because we are on a golden cross.
Considering the candle sticks right below that golden cross, we are going into a bear trend and now its happening, there’s a huge sell pressure and the support might not be able to stop it soon if selling continuous. Bull run can still happen, its just that Bitcoin can’t do that consistently and what we need right now is to be more stable and not to go below the support level again.