we are still in a bear market. Usually these situations resolve to the downside. Still, there is a good chance that an inverse Bart Simpson is being formed and we´ll return to the previous price point.
https://www.tradingview.com/x/VkJme5m8/
This drop doesn´t invalidate the current sideways action. So no need to panic (yet)
RE: BTC - Did the market take its direction ?