Timing bitcoin market are mostly done by traders, they spend more time studying when to buy and sell looking for quick profit by selling their bitcoin in loss. Investors who watch bitcoin market waiting for the dip sounds like a waste of time because they’re missing out by holding fiat whereby value depreciate, it’s better they buy the dip now else they might never see the previous dip although even if previous dip price range will come they’ve already wasted their time.
I think it is really hard to time the Bitcoin market. I know people from previous cycles, who want to invest in bitcoin and looking for the perfect entry point but they kept waiting. Similarly, people try to find the exact top for exiting the markets, but they always end up holding for too long, because it's hard for retail to time the market. The best thing retail investors should do is to DCA at all levels, whether they are buying or selling bitcoin.
To me, it is only the institutions that can time the market, as they are the ones who know when to pump and dump the market. In fact, they have the money to move the market according to their will.
It is not really easy to time the market as most person thinks. Timing the market because of waiting for a desire dip which may or may not occur can make an investor to miss market opportunities. So DCA strategy is a very good strategy that is stress free and the pressure of always timing the market is not there. This strategy allows an investor to make informed decision and to be able to build a good portfolio in bitcoin in the long run.
I disagree with what you said about the fact that only institutions can time the market, even for institutions it is still hard for them to speculate or predict exactly the market direction. There is no institution that have control over the price of bitcoin and as such they will only try to speculate the market direction.