One thing I have realized of is the fact that Bitcoin price is unpredictable and waiting for a certain period or cycle may sometimes be fruitless waiting and the next bull run can happen at any time.
So the best thing to do is to always prepare ahead and hold more Bitcoin because you never can tell when the next market turn will happen.
You are right. First of all, the current price has fallen below the price of the last round of bull market, and the risk factor has been greatly reduced. The most important thing is how much BTC you hold.
All time high (ATH) of previous bull run has been broken which is a bad sign for market. The current bear run is not going is likely to continue from short to medium term. Fear & greed index is at 23 which reflects extreme fear. It may slip down in coming days because crisis created by FTX will continue for sometime before market starts recovering. Despite all negativity, It is an opportunity to accumulate Bitcoin if you have funds and your faith in Bitcoin is strong.