The answer to this question is completely unclear. I think this could be a bear trap. If the bull season had started, it would have risen harder. In my opinion, you shouldn't trade without placing a stop loss order.
Stop loss order was a must even when you are playing in the future coz the volatility in the market is so fast. Bitcoin can be pumped and dumped in a short time. People are still feeling confuse about which trend that will occur this time but they have no clue as what they have predicted may not come true. Bitcoin can be dumped even in a few minutes. The volatility can turn a bearish to the bullish and otherwise bullish to the bearish trend instantly without need waiting for a quarter or even a year for it to happen. The bulltrap already happened a few days ago and market is facing another rally. Im not sure if this is a bear trap. It seems like we are facing another really and it's not only a trap anymore.