My current trend assessment for BTC assesses a Bearish Pullback Trend.
Bearish pullback: The bearish trend is taking a break. This might be a correction (‘dip’) or a trend change.
Usually, pullbacks bring the best opportunities to enter a trending market. Lower timeframe market structure breaking away towards a bearish trend would indicate continuation.
For the optimists: The current bottom seems stable and strong. This pullback might also indicate the trend change towards bullish. Analyse lower timeframes and market structure to identify trend change or continuation.