The market repeats its cycle but many times painful situations are created in the market to shake out the panic sellers. And that situation is seen after the last bull market, this bear market has bankrupted many big companies.
In investing, one has to be aware of the market conditions, otherwise the expected results are not seen later. Therefore, in order to invest, it is important for an investor to look at the market conditions as well as the future potential of the market.
I think we need to look at the news that is circulating and relate it with a little analysis and that will bring together a point when we have to get out and when we have to get in. Panic always occurs due to unclear issues circulating on social. As the op said where to buy and hold, I think this option is not concerned with anything else maybe an analysis in our minds, because if we implement a gradual purchase or JJG call it DCA it doesn't matter whether the price is low or high because every week/month we have to do it every rounds and it depends on the period you make for each round.
Well yesterday I saw btc go up 17% that was a pretty strong spike that was able to make up for the strongest resistance point at $25k but today there was a slight decline which I would say is a normal thing that shouldn't panic.