This isn't a further crash after a sustained decline. Rather, the bulls pushed hard for 3-4 days and ultimately couldn't beat the bears, getting crushed. With this kind of price action, today may not be the bottom—especially don't go all in betting on high-multiple leverage.
One more precondition that's easy to overlook: whether this three-to-four-day rally actually came with volume support. If it's just a bounce driven by short covering, then getting knocked back down is only normal; but if spot trading volume expanded in tandem, the nature of the move is quite different—judging by candlestick patterns alone can easily lead to a misread.
The key takeaway is: don't rush to buy the dip. The bulls pushed for several days without managing to hold their ground, which tells us there's still selling pressure overhead. That said, it's worth waiting for follow-up data on fund flows or positioning before locking in this view—drawing conclusions from just a few days of price action is still premature.
Trading sessions vary from region to region, and sentiment in the Asian session and the U.S. session often don't line up—don't take the moves from one session and apply them to another.