Your words are correct, but the circumstances are different. The matter you are talking about was that the acquisition exceeded 72% for Bitcoin, meaning a 1% drop from it equals 30% on FET or others. I remember well during that period ETH dropped from 2800 to 1700.

An increase for a day or two does not mean that the correction is over. Focus with me on the chart of currency $FET ; its price dropped from 0.9 to 0.5 over approximately 25 days, and yet the price increased on some days during the decline, but in the end, the price dropped to 0.5.
What I want to convey to you is that the correction is still ongoing, and I do not advise buying now for those who have cash and want to trade.
Of course, I am not talking about long-term investors.