First of all, I don't think this logic is correct. Not all oversold will lead to a rebound. This is related to market trends. If the cryptocurrency market bull market, then this is the truth. But if the cryptocurrency is a bear market, this may make you lose a lot.
Not everything that's oversold will rebound - that's correct.
But in a highly manipulated market like crypto this is exactly what will make whales the most profit.
So I'm sure that we'll see a new bull market.
Problem is, it might not happen soon, but rather when we crash down to $1000.