Every trader usually waiting for it, everyone believes that it is a good sign to invest or buy more once bitcoin and altcoins are dumping. Once the price is dumping, I also used to buy more and hodl it until the season of bull run comes, that's why it is good to have a target price to sell, to earn more profits.
Count me on to those who are waiting for a price correction but i didn't waited for a bitcoin to dump like what have been happened way back 2017. Every trader were literally waiting for a price correction especially those who are aiming to buy bitcoin. And i guess the bitcoin's market value of $45000 if a trader could afford were not bad to consider as a good timing to buy. However, to those who are still waiting for a lower price correction than it i guess it may take time to wait or maybe it shouldn't happen anyway.
But I guess, they are wasting their time waiting for the price to bounce back low coz that chance is so slim, and besides, we even see the market demand still high. Thus, if they are willing to invest in Bitcoin, they never have to wait for it. I don't know if they are taking the opportunity when the price drops to below $40k last month, coz if they are, they are not in regrets putting their money at risk.