Part 3/10:
Rather than attempting to chase short-term gains, the recommended strategy involves dollar-cost averaging (DCA)—steadily buying Bitcoin during dips while taking profits during rallies. The analyst recounts selling Bitcoin at $115,000, $110,000, and $105,000, which may have faced criticism at the time, but proved wise as the market corrected.
The current correction saw Bitcoin drop by approximately 35.6% from recent highs, a move that in previous bull markets would have been unremarkable. Today, however, it signals a potential bear market phase. Despite the downturn, the analyst points out that this may be an opportunity, as long-term holders are selling at one of the highest rates in five years, indicative of a redistribution rather than panic.