it market cycles and how volatility have it hold on the assets, all this you need to put into consideration before you make any decisions as to either buy the DIP and Hodle or make a break, hold back and have a reflections on the price deciding to either wait and keep holding your already starched Bitcoin or accumulate some more.
This aspect of market analysis is most important to avoid jumping in at the wrong time and also limiting your amount of waiting time for the price of Bitcoin to at least come close to what you have desired it to be a safe price benchmark for your Bitcoin holdings.
A beginner that has the intentions to invest in a long term bitcoin investment don't need to about the market analysis because that is not important for him. All he needs to know is the amount that he can use from his income that wouldn't be a barrier for him not to be able to invest in a long term. If uses sorted that out, then start his bitcoin journey with regular DCA with maybe 10% or 5% based on his cash inflow. What matters is his commitment to grow his investment by buying every week or monthly to increase the size of his investment. DCA strategy don't need any focus on the market because your are buying frequently irrespective of the price of bitcoin at that moment. Discipline, patients and commitment towards his bitcoin target is important than much knowledge because as he is on the ride in his bitcoin journey he will learn through experience and he will also learn other aspect that he is interested in. Regular DCA limits the risk in bitcoin investment and a newbie is good to get started with regular DCA.
While it's understandable to sell some Bitcoins for emergencies.
This is a wrong investment strategy on long term goal bitcoin investors because that investor has failed to plan properly, and he has invested aggressively which has made him to be short of funds. For one to be able to achieve his long term goal, he must have funds in reserve for any emergency that will occur in the long run and he must also set aside funds for his monthly expenses so that he doesn't go back to sell the bitcoin that he bought. Selling some fraction of your bitcoin due to emergency, will distract you and delay you to achieve you bitcoin target. What if bitcoin price dips below your entry point, it means that you will sell at loss which makes it unethical and not advisable. Only use the money that wouldn't affect your income so that you don't end up selling your bitcoin due to tension and at the wrong time.