Technically not yet a Bear market

While most are probably in focus on the daily or hourly timeframe, for me it's the weekly bars are the real deal in looking at the overall market structure. As long as LINK hold the 14.980 and 13.450 USDT chainlink is still fine. These levels are crucial for the continuation of the uptrend. If LINK will close below and stays below on these levels then it'll be clear that we are no longer on an uptrend and the cup and handle pattern might partially play out.

So as of this moment, LINK is still hanging on the cliff and has not yet fall. Staying within the price range mentioned above will only give a 50% chance for both sides.