I don't think this is the best time to use this term BUY THE DIP AND HODL!. This is because we are not in the dip, and we are in the bull market, because bitcoin has passed the previous ATH. What should be said now is DCA AND HODL!, because at the current bitcoin price, it is only DCA that is the best strategy in which some accumulating bitcoin can use to increase his bitcoin portfolio due to the high price of bitcoin.
I would not even lump sum if I have the money to do that, because bitcoin price go into correction, so DCA regularly either weekly or monthly and hodli for a very long time, and when the bear market appears again, you can buy dip and hodli. However, this is my personal thoughts that I am sharing, and we all have the right to do whatever we think is best for us, but you will be responsible for your own actions.
I use the DCA method to accumulate Bitcoin every two weeks, so in this case I want to tell you that we really don't think about the price when we buy Bitcoin. Why, because we buy regularly so we will find an average entry price when we are satisfied with our BTC holdings.
Yes, it's up to them to interpret whatever they want in this bullish condition, but in my opinion we still prioritize the term Buy and Hold in our investment journey. For this reason, continue to stick to our respective concepts, where if you think that this bullsih condition is disturbing your concerns about buying Bitcoin, then you can wait for the price to fall to be able to accumulate Bitcoin.
For me if you have your weekly allocation that you use to buy your bitcoin I don't think the bullish market condition will disturb or stop you from buying your bitcoin. That's why the DCA method talks about investing a fixed amount of money on a regular basis as you deem fit and not about buying a fixed amount of bitcoin on a regular basis. If we were to buy a fixed amount of bitcoin weekly only then will the bullish market affect our buy, because the price we bought last week might have changed to a higher price and this will impact on our budget. But since it's about investing a fixed amount of money weekly or as it's convenient to the investor we can always invest. If we say let's wait for market to come down, we don't know how long we are going to wait, and in the course of waiting we will have divided attention and other things which will take the money will come up.