seems some people love to sell cheap...
IF it would be a straight buy/sell market, yes.
But with all those derivatives, short timeframe ups and downs may just be the results of manipulations, and of course, it seems fun for some
tools people to hunt stop losses and liquidize leveraged trades. Zooming out gets rid of this noise in the charts, though.
Remember not to accumulate on not dips

or to not DCA

I think beside all manipulation there is always a certain part of real selling/buying going on. Not every market participant is someone with deep pockets ...
There will always be "real" people selling low and buying high...
... but then, could you ever buy too high in the Bitcoin market, if you look at higher time frames..? probably not