long term, we are still in a bull market. major support has not been breached
And here is where fundamentals trump technicals. For 25% of the bitcoin community with a cost basis under a dollar, hell yeah, we're in a roaring bull uptrend. Their invested hundreds of K are still worth millions even now.
For 75% of the bitcoin community that joined during the times BTC went $8 to $30 to $4, not quite so much.