Bullish, because bearish sentiment is declining
Bearish, because.. bears could open a shit ton 'a shorts, and shorts closing are somewhat responsible for the price increase
Bullish because longs are also relatively low
Overall seems neutral to me.. but if there is another bear attack, could be very bad.
The bullish rally is a self-reinforcing trend, coz all the bears that are forced to cover will have fewer and fewer ammos (i.e. money). They took a hit when we rallied from $16x to $275 now.
If there is NO new money to join into the bear camp, the bullish rally will keep playing and the bearish counter-attacks can only serve the purpose of self-rescuing but not the purpose of reversing the trend again.