DCA method is very effective during both Bull and Bear market, the main focus and objective is to build and own good stash of Bitcoin over time using DCA Strategy regardless of market conditions. You might see a certain bitcoin price as over valued but you can't tell if it will fall belows certain amount it just unpredictable but DCA saves an investor from such strees. Predicting the market is very stressful, it's better to be in the market consistently rather than timing the market of which DCA offers such, by accumulating Bitcoin consistently and being in the market at all moments. The strategy empowers normal individual regardless of your income/ earnings to build an investment gradually over time without timing the market.
Your summary of what the DCA strategy is, as well as its benefits is outstanding and I agree with everything you’ve said. For people having the intention of building and accumulating Bitcoin overtime, the DCA strategy can prove to be super effective, as well as for those who intend to buy and HODL Bitcoin for the long term, this is because, regardless of the market conditions, you’ll still be able to accumulate Bitcoin without feeling any pressure or being affected by temporary market fluctuations. Yes, by regularly investing a fixed amount at a specific interval, you may not completely eliminate the impact of market volatility but you’ll be able to reduce it a lot, and you’ll be able to resist the temptation of attempting to time the market, which often leads some investor into making certain impulsive decisions that’ll end up affecting their investment.