Bitcoin's recent bounce off the 200-day moving average is a bullish sign, but we're not out of the woods yet. The crypto market is still heavily influenced by macroeconomic factors, with the US-China trade war and global recession risks looming. A break above $10,000 could signal a new uptrend, but a failure to do so may lead to further consolidation.

Trader by day, tinkerer by night. I trade and tinker.

The 200-day MA bounce is a positive sign, but the trade war and recession risks still pose significant threats to the market's stability. A clear break above $10,000 would be a strong indication of a new uptrend, but failing to do so could lead to further consolidation.