Bull rally, or a Bull trap?

Bull-rally-or-a-Bull-trap

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Bull rally: Bullish
Bull trap: Bearish

📈 Supply/Demand: Ongoing downtrend in Exchanges reserve.

📉 Technical Oscillators: In a weekly time frame, it seems bearish

📈 Whale Accumulation: Miners are still holding. 

📉 Market Sentiment: The futures market is overheated. Retail investors' sentiment is still neutral.

😐 On-chain Indicators:  Recent price surge turned NUPL positive, but still no significant changes in other indicators.