Yeah, i think it sounds like the classic shakeout before the pump.  Market makers often play these games to shake out weak hands. Hitting that local bottom around 60k could indeed mean less downside risk for now. But you're right, we always gotta manage risk and be ready for anything. BTC to 75k+ would be sweet, but it never hurts to be cautious and have a plan for those dips, in case, just saying.