Long term holders still care about price action not because they are trying to time the market perfectly, but because smarter entries mean stronger positions . even with a DCA strategy, it makes sense to adapt when there is a major dip. if the the fundamental have not changed and the conviction is still there buying more during deep correction an be very strategic move
What do you mean when you said long term holders still care about price action? A real Bitcoin holder ( long term Investor) doesn't give a fuck about market variation because they understands already that those are temporary. There is nothing like smarter entries when it comes to Bitcoin investment and perhaps people that are suppose to use the word smarter entries are traders because they are the people that monitor, analyze and look for a point they will buy so that they will get profit knowing that what they feel about the market is not certain and most times they make loss.
They are just giving theirselves something to worry about. Monitoring the market might give them stress then it might lead on something that they might regret to do like selling or they get afraid buying because they are not comfortable watching those current situations happened in the market.
So if they really want to succeed on their long term holding plans. I guess much better for them to pay attention on their accumulation then be consistent with it. There's no need for long term holders to monitor the price actions of Bitcoin.
This is why there are people got confused about buying at the dip is better since when they monitor the market they see that this is good option to do. But later on they realize that market is volatile and they can't predict what's happening then what's really bad about it is they missed to buy Bitcoin earlier since they are keep waiting or they get afraid because the market keeps dumping and they are not sure in their positions.