Not only that, we can also see a strong support to that area. Dynamic support and resistance have lower probability compared to key levels. If you change your time frame, also the EMA but with key levels no matter what time frame is that it remains the same.
All Resistance and support levels eventually get broken through. It doesn't matter if they are dynamic or key levels. It all just depends on one's point of view. When you view using shorter time frames, you will also notice a lot of break throughs, scam wicks and fake outs. Longer time frames reduce such noise.
I don't think so that we are still in the bearish market since you said it's retracement but I can say that those are strong supply which there's a high chance that the price would respect that area.
I didn't say we are in a bearish market, but we are likely to see some pullbacks as we keep getting to newer levels.