Dear cat bounce. Market is already bearish, and I don't think traders are still motivated to buy and pump bitcoin across the $40k mark. Lots of people are still dumping after a few% increase, and I don't think that's a sign that we are heading towards a bull market.
Voted the same, again, as I have said in my numerous posts last December, if we are not going to get into $50k, then we are going to be bearish and that's what happens.
There are still quite a number of weak hands still offloading their coins on exchanges, and if they're still around, most probably every increase on the price will be met with dumps.
So be it, let them experience a panic in a bear market, Lol. But time will hardened them up. I'm also still leaning towards lower lows, this quarter.