Bitcoin- Respiro moment for bears?

Since Friday's last week's low, Bitcoin is trading in a range, and neither bulls nor bears managed to take control.
However, yesterday's spike and strong reversal from under 40.500 can be an indication that a short squeeze could follow soon.
I will look to buy dips against yesterday's low and if BtcUsd manages to break above 42.500 I expect acceleration to the upside.
My target for this correction is 46k zone