Though it's actually true that the price of Bitcoin can drop even further, considering the market sentiment, but as an investor that we are, I don't really think it's necessary analysing the market before we start buying, because every time is an opportunity to invest in Bitcoin, and as an investor that is accumulating Bitcoin through the DCA accumulating strategy, you are actually going to be the most benefactor because at some point during the accumulate journey, you may buy the lowest part of the deep, and even decide to buy aggressively during that period that the price was very down, as long as it doesn't affect you in financing your your day to day activities, but for those that are waiting only to buy at the deep, they are definitely going to miss a whole lot of buying opportunities, because the kind of deep they may be waiting for may not come again, so it's best to buy now.
I dont really agree with this because even though we are long-term investors when talking about market movements and carrying out analysis it should not be omitted because after all it is something that is still quite important to do because with that we can see some what is the possibility of whether it will be purchased directly or in stages later considering that even in DCA we sometimes dont really care about the price when buying but still if we get a price that is lower than the target of what we want to buy of course that is a good thing so even though we are long-term investors, we cannot just let go of analysis .
Because in the end not doing analysis every day and not caring about analysis at all is a very different thing so analysis is still quite important, its just that we dont need to do it every minute or every hour of every day when trying to become an investor.
Market analysis is mostly done by traders, because they are short term hodlers. A newbie that just started his bitcoin journey does not need to know anything about market analysis because it is stressful and needs time to understand how to analyze the market, which makes me see it as a distraction to beginners who just started accumulating bitcoin. Whether you analyze the market or not that will not increase your bitcoin stash if you don't buy any bitcoin. This is why new beginners or investors in their accumulation phase should only focus more on regular buying weekly or monthly using DCA to build up their bitcoin portfolio overtime.
Analyzing the market can be of a distraction to them since they are new into bitcoin, what they just need to do is to figure out how much is their discretionary income that they can use to buy bitcoin after other important aspect has been taken care of for a healthy bitcoin long term journey. This investors who ha e accumulated up to 50% and above of their bitcoin target can analyze the market to know when they can buy, because their bitcoin stash have reached a level that if they pause buying, it will not be a bad action. We should also know that no one can predict the next price movement of bitcoin, this is why I don't see market analysis useful for a beginner who just started his bitcoin journey since he is not planning to sell within a shot period of time, but hodli for long.