Should we bet on a rebound after a sharp decline?

Currently, the drop of $BTC has reached the 100,000 range, with three consecutive days of large bearish candlesticks. Today, we might see a rebound from the sharp decline with a fluctuating market, with the fluctuation range approximately between 109000-111500. The daily candlestick might close as a small bearish candle with long upper and lower shadows. In such market conditions, the difficulty of operation is relatively high, and conservative traders might prefer to observe first. Aggressive traders may participate with a light position but should closely monitor the market, as the fluctuating market often has sharp rises and falls, and the operable time is short, making it hard to determine when the market will be active.

Currently, the weekly chart confirms a downward trend with a top divergence, and the moving average support level is around 103000. If it drops to this level, there may be a few days of fluctuations, and whether the decline can be halted will depend on real-time observations. (For discussion purposes only, not investment advice; risk is self-borne)