A case for this to NOT be a dead cat bounce: We had the highest volume for an upward move since January 2021 and the RSI is at its peak since then too.

With the recent bounce that was like the first drop of green in a year-long ocean of just pain, many are still skeptical and are saying that this is just a dead cat bounce as the countless other ones we had in this bear market. And honestly its their right to say this is as we are indeed still in a bear market. They dont have to prove anything but instead those that think it is NOT a dead cat bounce should, so here are a few cases for this:

Firstly, we will plainly talk about the trading volume of Bitcoin. Here we can see on the chart below from Coinbase Data that we just had the highest volume for a green candle, meaning an upwards movement and that since January 2021, when we were in the very middle of a bull run. Since then each upwards movement only had less volume and definitely all the dead cat bounces this bear market. Even if its just a sample of a data from one exchange, its more or less the same on others.

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From Tradingview

Now Secondly, we have the Relative-Strength Index that is one of the most popular TA instruments ever, in very basic words just shows whether we are in a overbought or oversold territory and for the 100th time, being oversold means that the market will likely remain bearish and vice versa. Also the RSI is on its peak at the daily time-frame since the same January 2021. (and highly in the overbought territory)

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From btcarchive

Those are obviously just two arguments that would speak for this to rather not be a dead cat bounce and they especially highlight how different this move up has been from previous ones in this bear market and even a bit before that. Whats your opinion to this, will this rally have a longer duration or be just as unsustainable as before?