As much as we all love bull markets, we all hate bear markets. That’s why in a bear market everyone just instantly starts looking for a reversal towards a bull market. This is just foolish. You should never try to swim against a fast tide but float with it. The reversal is unpredictable on every way especially the day.
In a bear market you should always go with the probability that it’s going to go further down for at least a few weeks and plan accordingly. So you should probably not blow all your Dip-buying money on day one and then have to scrap money from elsewhere to buy.
Especially the current macro-economic situation shows that we may go down for a while due to the FED, War, Covid and now even a massive food crisis. You can hope for the best but you should always prepare for the worst.