I don't know if we can figure out BTC's short term price direction merely from looking at a chart, yet sometimes there is seemingly momentum with very little reprieve, yet we cannot really determine at what point the momentum is going to switch over to the other direction.
But yeah of course, we had right around a 19% correction from the $73,794 top from March 13th to our $59,629 bottom from a few days ago.. . but we cannot really know if the correction is done, even though yeah, buys who are buying the dip should not have any problem in recognizing a dip, and anything greater than a 10% dip seems to be o.k.. so maybe there could have been some extra buys at 10% dip, 15% dip and then 17-19% dip, and it may well be difficult to catch the exact bottom, and so now we are back to ONLY around 12%-ish dip if you can see the current prices right around $65k...
So guys who had been accumulating BTC for longer might have some luxuries in terms of trying to strategize various dip points that they might buy more BTC, but guys who are pretty new to bitcoin are better off to just be buying regularly and not stressing themselves out about details regarding how much dip there has been, except maybe to feel some pleasure that since they are a low coiner (or that they are feeling that they are in their earliest of BTC accumulation stages) that they are able to buy some BTC as prices are dipping rather than chasing the BTC prices up, which surely guys who have even been buying in the last 18 months or so have mostly been experiencing BTC prices going up for their whole time in bitcoin, so if they are ongoingly trying to accumulate bitcoin, the extra cashflow from work probably does not feel like enough to really be able to stack a lot of sats (BTC) in the last 18 months or so, even though overall their BTC holdings are in profits, so it feels good, but they still likely do not even have very many BTC if they have been mostly relying on their extra cashflow, even if they have been attempting to stack somewhat aggressively for that whole time (which likely they have not since so many guys were too scared as fuck to be aggressively stacking in late 2022 and even during most of 2023, when they should have had been stacking aggressively, they were mostly scared.. sure not everyone, but most).
Interesting conversation here. Even looking at the charts it's difficult to time the market for buys and sells which is why it is not advisable to sit and time the market because we may never get to catch the market at the right tip. At least it's easy to say that we should have bought Bitcoin since the price went down 10% - 15% below the ATH, but we should try to think into the future. Image the price has dropped a little bit now how do we know if it's not going lower than it is now or has started going higher since the halving has ended? Let's take instances from the last bull run, almost everyone thought 70k was going to hit 100k and stop there. Unfortunately, most persons were caught out of the ride when it started dropping almost to 60k then they switched minds thinking it was a temporary dip and that will go back up within that week so they lost more. What am trying to say is even the most experienced investor lost profits more often. This is why it's always good to not follow the market the way it looks, a minor dip might end up being a bullish trend afterward. Holding long is the only solution now. Timing the market is a bad idea!
At this particular point, I really don't think it's logical to be timing the market now because as an investor that we are, our primary concern now should have been how much Bitcoin can we accumulate, so as not to be left behind? So if we decide to be timing the market, it's a complete waste of time, because the bull run can start anytime and you will start feeling regret for not buying and accumulating now that is the best time to buy, so in order not to be in that kind of space, it's best we utilize this opportunity by accumulating more Bitcoin through the DCA method regardless of the current price now, because the amount of Bitcoin in your possession will definitely define how profitable you are going be, during the bull season, and another thing we should not forget is, we should only be thinking long term, because it's only a long term holder will definitely reap the full dividend of his or her holdings.