BTC bounced hard from the $42,000 key level. The important level to flip is $48,000 area. BTC needs to reclaim the $48,000 and then the $51,100 area to again turn bullish. There is a potential double bottom on lower time frame. The dump is artificial and market now recovering. This is a good sign. BTC also tested the 200 EMA which is bullish sign. In bull market 30-40% dips are normal and considered as buying signal.