As long as we hold green (bullish point of control) there's actually good odds this was more than just a relief rally.

Yet, it makes sense to take the other perspective into account as well where a $35,000 drop on Bitcoin getting retraced by a $15-20,000 bounce is still bearish price action.

IF the top was effectively in that is. Which will become more and more clear.

In that particular case I don't believe we would enter a traditional bear market however.

Something that more or less resembles 2019 (shorter in time and even less severe as there will be diminishing corrections as Bitcoin grows larger).

It means we get another leg down before things get better.

But ever since we hit $80,000 and I flipped short term bullish till ~ $100k I'm monitoring the markets willingness to hold the bullish point of control here.

I'm a fan of mostly taking it level by level in times where there are an equal number of good arguments for being bullish or bearish.