PROOF: Just how it would play out ;)
This even might play out differently once FOMO kicks in at 5K levels. However I expect some retracement there.
How do you know NOW it is not going to fall even lower? Nobody knows that
From what it looks like now, there will never-ever going to be such a sharp V-shape bounce as you picture it in your imagination.
Stay away from this thing as long as it is falling, do not try to catch a falling knife... Take care