So with the 7 day average the also have the day average and the 1 hour chart. And what you see there is that in the last hour after that bounce, I guess also a lot of people made a lot of money again.

That is the cryptocurrency market for you,in every situation there is always an opportunity ,when price falls it becomes an opportunity for new buyers to come in and when the price rises it is an opportunity for some traders who bought earlier to begin to earn profit on their trades..

So even if the crypto market is bearish then it is now a chance to buy at lower prices and hold the crypto and be optmistic that its price will rise in the nearest future