Traditionally, one of the most effective strategies has been timing market cycles—exiting at the peak and re-entering at the bottom.
Timing the market has never been one of the most effective strategies. It has traditionally been the way for people to lose money.
Yes, timing the market is informal trading and we know that trading most especially cryptocurrency trading leads to a lot of losses since the market is mostly unpredictable and for that if the market goes against when you already traded you will be in a sorrowful state.
The best thing to do is to buy Bitcoin and hold it for a certain long time so that the market will recover and give you the desired profits in the long run.