Monthly DCA and DCA when it drops like that I feel reduces the feeling of disappointment from a drop due to such an accident.
In essence, it is buying and holding bitcoin that you have bought, even if you want to sell it when there is a lot of decline and lots of FUD circulating, but we must not forget history that bitcoin can never be killed by sentences like that.
In deed, Dollar cost averaging (DCA) strategy can help to mitigate impact of market volatility on your investment in Bitcoin or any other asset. By investing a fixed amount of money regardless of market is up or down, you can potentially reduce your average cost per coin or share over time and can benefit from the long-term growth potential of your assets.