In this bear market we have seen a couple runs back up to just under 300B. Is this another bull trap? We should see once we approach 280 a little closer. Each time we've reached that height in recent days it has been followed by a push back down. It could be small manipulations in the market for whales to still take a profit in a bear market, or it could be the beginning of a run upwards. I don't think this nearly perfect sideways movement can go on too long.
Either way, the fact that the market drops seem to be stabilizing around the same place for the past few weeks seems to indicate that people are starting to get a bit less fearful about bid market drops. The possibility is still there, but let's hope this is the beginning of a true bull run.