Using W. D. Callister's, "Material Science and Engineering, An Introduction", 6th Edition, I indentified an isothermal transformation diagram for iron-carbon of eutectoid composition. A = austenite (FCC), B = bainite, P = pearlite, and M = Martenite (BCT).
I think the dashed lines are simply used to distinguish from other lines. There is one curvy dashed line between the fully A and fully P or B phases, and the dashed line simply shows the 50/50 boundary between A/P or A/B.
Then there are two horizontal dashed lines which represent the 50% Martensitic transformation at 165°C and 90% M-transformation at ~130°C. The transformation from A to M requires starting with the heat at or above 727°C and rapidly quenching to the appropriate temperature (one of the horizontal lines).