When in doubt zoom out. A lot of bear out there right now

I do not believe we are in a bear market as long as we maintain above the 40-42k level. Looking at the total market cap this does not look like a bear trap as we have come back to all-time highs. We are above the golden pocket, we are above all bearish fib retrace levels on the total market cap.

42k & above as support healthy
Below 40/42k Defence
Below 36k Not a good sign