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To be honest, it still doesn't look like we've seen much, this seems more like a temporary relief after a fierce sell-off.
A rebound from 795 is important, but the bigger issue is that the price is still trading below most short-term moving averages.
This tells me that the sellers still control the broader momentum at the moment.
800 is a psychological support level.
If the bulls regain control of the 808-818 range, market sentiment could quickly shift, and the bears might be squeezed.
But if BTC drops below 795 again, I think panic will accelerate because everyone has already publicly focused on that area.
Right now, it feels more like a reactive bounce rather than a trend reversal.