Me as a newbie my only focus is on Bitcoin I fear other cryptocurrency so much and I don't think I will ever be interested to invest on them, what you have said is very current is good to study the market very well however me that is only investing in Bitcoin I really don't see any need to study the Bitcoin market because I know it will fall and certainly rise the only people that should be worried about the market is those people investing on other cryptocurrency.
I don't have fear in Bitcoin market I'm using the DCA strategy for my accumulation and I think people that are trading Bitcoin could also study the market since they are trading but for those who are holding for a long term shouldn't worry too much about studying the market. As a newbie all we should be concern about is knowing about Bitcoin have the knowledge.