how strong are the bulls?

is it a bulltrap now and is the continuation story from the yellow circle gonna repeat - or - should we go down to 50% - 8100-8000 area to retest the breakout from the downtrend?

volume is quite decent so this should give pretty strong confirmation (also in case of break in back to downtrend). I saw some analysis comparing current situation to a 2014 when the price was sliding down over the downtrend back to test the bottoms - wonder if this is possible now with rising volume.