A frequent error in crypto markets is purchasing too soon after an upward trend reverses to a downward one.
Corrections following significant market structure breaks tend to be more prolonged and severe than anticipated.
It's not wise to buy when only a few are pessimistic and the price is merely 10% off Bitcoin's peak. For the price to decline, some sellers are necessary.
The best time to invest for the next cycle is when the majority have been liquidated, many have exited the market, and most question if crypto is permanently finished.