Was yesterday the bottom? If it was, why isn’t the market recovering quickly?
These sharp dips often liquidate a lot of traders, leaving others hesitant to buy. Confidence fades, and many avoid entering during such steep drops. This is why recovery takes time—it’s a gradual process.
The market may consolidate around 10-15% above the lowest point for a while. Remember, no one can predict the exact bottom with certainty. Stay prepared for any market scenario.