Does 'BTFD' still apply to Asian dips, or is it a trap?

Been watching some of the recent action in Asian markets, particularly with how things have played out after what seemed like pretty clear entry points. You get a dip, everyone screams 'buy the dip,' and then it just… keeps dipping. Or, conversely, it bounces so weakly you might as well have just sat on your hands. I'm looking at $AUD at 0.0936 today, relatively flat, after some pretty dramatic swings recently, and it just makes me wonder if the whole 'BTFD' mantra, which used to be gospel, is starting to get folks burned more often than not in this particular cycle, especially when the underlying sentiment still feels a bit wobbly. Is it just me, or are these 'dips' feeling more like dead cat bounces designed to trap the optimists? Push back if you think I'm off base.