$5 of $ORDI , do you dare to buy the dip?

Fallen from $96 to $2, a 94% cut, 80% of people have already cut losses and exited. But last week, it surged 35% in a single day, with trading volume hitting $200 million, rebounding over 260% from the bottom. Now retracing to $5— is this the restart of the bull market flag, or the final dance of the whales pushing up to dump?
First look at the surface: bad news exhausted, violent rebound.
In the past 7 days, up 18%, in 30 days, up 112%, market cap $106 million, 24-hour trading volume over $70 million— relative to market cap, volume is clearly increasing. The candlestick chart shows: a year-long descending wedge was pierced by a single bullish candle, directly V-shaped reversal from $2.1, MA5/10/20 in bullish alignment, all technical indicators are saying: Bitcoin ecosystem is back, inscription leaders are revived.
First thing: Bitcoin ecosystem is restarting, ORDI is the only banner.
Inscription total supply exceeds 60 million, Unisat wallet indexer optimized, MultiBit cross-chain bridge online with TVL over $100 million. As the first BRC-20 token, ORDI is naturally the first stop for capital to flow back.
Second thing: fundamentals haven't changed, but the narrative has.
ORDI has a total supply of 21 million, mirroring Bitcoin. Its value has never been about how awesome the technology is, but about “engraving tokens on Bitcoin’s smallest units”—the cultural significance outweighs the function.
ORDI is the Bitcoin of the inscription track, when Bitcoin rises, it has tenfold elasticity; when Bitcoin pulls back, it dips first out of respect.
Third thing: a deadly technical signal has appeared.
In the past 24 hours, down 2%, MACD turned negative, Bollinger Bands narrowed, price started testing the lower band. RSI retreated from high levels to 30-40 range, this is not oversold, but buying power is exhausted.
On-chain data shows net capital outflow, large holders are selling.
At the $5.5 level, last week it hit twice without breaking through. The first time was a $200 million volume hard cap, the second was a volume reduction and pullback.
Key level: $5.0-5.1, the last bottom line for bulls and bears.
Short-term traders:
Wait for a retracement to $4.5-4.8 before entering, stop loss at $4.3 (exit if broken), take half profit at $5.5 first. Break above $6.0 to chase longs, stop loss at $5.4, target $7-8.
Swing traders:
Wait until the daily chart stabilizes above $5.5 before entering, target $8-10. If you enter now, a pullback will make you doubt life.
Believers betting on inscription revival:
DCA below $4.5 in batches, total position no more than 5-8%. Target by end of 2026: $10-16, extreme bull market $22-30.