When is the right time to buy the dips? Based on the weekly channel pattern of BTC, there is still considerable room for price to fall before reaching a relatively low price range... The chart shows the momentum performance of BTC's weekly pullbacks within the ASR channel during the past two bear markets. It can be seen that during each bear market pullback, the price's entry into the lower blue average support zone has been significantly stronger. During the 2018 bear market, when prices bottomed out, the entire channel still maintained a slightly upward trend. In 2022, the channel leveled out and prices bottomed out. Currently, the price has just broken below the middle line of the channel, confirming the start of a bear market. The channel has already flattened out, meaning that if prices continue to fall, the blue moving average support zone will gradually decline, and our initial expected bottom price will become increasingly lower... Based on the same duration, the potential bottom range would be between 40k and 50, with the timeframe between August and December 2026. Therefore, I decided to abandon the buy the dips mentality and instead adopt a phased approach to building positions. When the price touches the lower edge of the weekly oscillation channel (blue line), I will start dollar-cost averaging and adding to my position. Once the price enters the blue average support zone, I will double the dollar-cost averaging amount. If the price falls below the lower edge of the blue support zone, I will double it again! Finally, once the price returns above the cyan line, I'll All In all in with the rest of my budget... Therefore, in my opinion, the first place worth adding to a position is below $70,000. This is the starting point for small fixed-amount investments. We cannot predict where the price will eventually go, but at least we can understand the current price status based on this channel. The area below the cyan line represents the discounted price; the lower you go, the higher the discount. This is a long-term strategy lasting 12 to 24 months. I currently have enough chips accumulated, so I just need to wait patiently.

From six perspectives, it seems more like the beginning of a new liquidation cycle rather than its end.

I agree