It was supposed to be but not happened anything lol. Bitcoin didn't give its investor another change to buy it from dip. And Bitcoin do oump rather then dump. Although it was down below $60k but that too much high if you compare it with expected price of $30k to $40k. Maybe That's because after ETFs approval, big companies keep buying Bitcoin and they tried their best to keep buying Bitcoin for have control on it. And we can see still Bitcoin is so high.
I guess may take that opportunity to buy at $57k rather than waiting for it to gown even further. And with that, we didn't see the range of $30k-$40k as what OP has suggested. Forget about the ETF though, I mean it's already approved and many whales and institutions are already buying.
What's important is the retail, the majority of us, average joe investors who really have to grind and to DCA because we don't have deep pockets to purchase Bitcoin. But we keep pushing ourselves to accumulate and then wait till we see a new all time high before we can sell and make a profit.