If there's a dip (and I said if), this is how I see it happening

For the record, I'm pretty bullish on the price of BTC over the next few months. HOWEVER, if we were to see a dip, this is how I see it playing out. I marked where I feel the "point of no return" is, aka the "oh ****" line. If the price stays above this line, I don't see a significant dip in the immediate future, but if the price falls below the "oh ****" line, I would bet a significant dip is coming. I'm a noob at this, but I know most serious traders probably have stop-losses in place, and I would bet that the futher the dip goes the more of those stop losses get triggered thus further increasing the selloff and adding more momentum to a downward trend. Volume profile indicates some weak support at 8700, and strong support at 7900-8000. In either case, I'd expect a lot of people to jump in on a "buy the dip" opportunity, and thus a rebound of some kind. I imagine the lower the price falls, if it falls, the more people jump in to buy the dip and a stronger rebound as a result. On a lighter note, if/when the price breaks above $11k, looks like the upswing would be very significant. Chime in and let me know what you think about this idea.