Ehh.... Engine hot so T-Stat is open.
Engine off.
The water pump will foam the air into the coolant, and it *air* won't come out of the bleeder, just a little foam....
1) But Yeah: First is it actually low on Coolant?
Listen for the waterfall sound under the dash when starting cold. Trapped air in the heater core being displaced means Low Coolant.
A radiator that takes more than a quart of coolant, means Low Coolant.
Coolant disappearing from a refilled overflow tank means it <the cooling system> is leaking, or not yet full, which means, Low coolant
2) If it's not low, or consistently taking more coolant, is there air trapped in the system? Bleed it. Engine warm, engine off.
I open the bleeder, and squeeze and hold the rad hose to force air out. Then tighten the bleeder with one hand then release the hose. Milks coolant into the system. Restart the engine for a few secs, Engine off. Let in sit for a minute, then repeat, open bleeder, squeeze hose....do that 3 times or until you squeeze the hose and clean coolant squirts out. That's usually enough to get the major air pockets out.
3) So it's not low on coolant, and you think most of the air is gone...but the engine is hot, the gauge still says it's too hot.. but cold radiator, and/or cold hoses?.... means *No Flow* Bad water pump, stuck t-stat or a blocked radiator.
That's what I would check first. If it's not Dexcool gunked or the blades aren't corroded off the water pump... oil in coolant, or the oil looks like a milkshake... Then I would start worrying.