I expect that we passed the bottom but price action is too rush, so going down first is more probable but not really necessary. Market was under pressure for some time and relive should bring "only up" vibes.
My ideas are mostly based on technical analysis and few fundamentals, but I don't follow specific indicator. I have some know-how by looking across several indicators. Of course, I might be wrong as well. Forecasting bottoms and tops, not target levels or price path.
Don't forget to enjoy your day:)
Disclaimer: This is my personal journal, not investment advice for anyone.