Here's are my chart idea of what's happening.
Another visit to 635 would make me a bit uncomfortable/bearish.
We need to establish a higher low right here to progress, around 650-670 range.
My next analysis will be a very different and a bit playful, beyond technical analysis. It’s a look on the growth and what we can expect in the future with current growth rate.
It’s true that we are still in a bear market and BTC/ETH are still coupled somewhat.
The long term trend line is still bearish, but as we know these markets are extremly volatile and next thing u see are bears getting trapped ag the end of the long term channel hoping to buy in cheaper.
It’s easy to short a declining market and harder to go long.
I would still advice to keep your stops relatively tight, i set my stop at just below 635 short term.