Weak hands will be shaken at the time of dip correction. They might sell their Bitcoin at the early stage and then regret afterwards when Bitcoin bounce back again. That is why technically analysis and enough knowledge to determine the possible next move is necessary to anticipate emotional responses. Better to sell Bitcoin at the peak and buy again at the bottom.
This happens every now and then. And truth be told even the best of us sell off at a seemingly good price only for the market to turn the next minute and we have a huge pump. It happened in December we saw btc pump to $30 and didn't dump much until February. Selling off at $40k mark price would look like a loss right now.
How do you decide a peak and a bottom?