Totally lost after the Feb 6th pump. Are we still in a bear market?

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Totally lost after the Feb 6th pump. Are we still in a bear market?

The continous bleeding last week gave me serious bear market vibes, but then Feb 6th ripped back to $70k. We’ve just been chopping around this level since, and honestly, I’m totally lost on the future direction.

I was reading that on-chain data is actually flagging “bear market” signals for the first time in a while. Plus, with the rumors that the Fed might hold rates in April instead of cutting, the macro side isn’t helping the sentiment.

I’m thinking of starting to DCA here. I’m setting up a Martingale bot on BYDFi. I’m planning to set it for $20 per day. Seems safer than going all-in at once if the price keeps falling.

With the macro outlook getting weird, I honestly don’t know where we go from here. What’s your gut telling you, are we ripping higher or dumping further?

Andrew Peters Answered question
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It’s not a pump, it was a bounce from resistance. Now we will probably stay at this level for a while.

Andrew Peters Answered question
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