Taking a big pancake as an example, as long as the big pancake is at the weekly and monthly cycle lows, starting DCA at this point won’t be too uncomfortable. The uncomfortable part isn’t the DCA itself—it’s when the price drops, watching others feel pessimistic and then losing confidence yourself. But when it starts to rise, suddenly it’s like a god has descended—you become the most devout believer in crypto, and you instantly regain confidence and faith. Then you keep starting DCA again and again even from mid-mountain and even at high levels, firmly believing it will continue to set new highs.

As a result, after DCA for not long, a big pullback comes, and then you start doubting yourself again. Then you wait and watch at low levels, and even cut losses. It rises, and you start DCA again. After repeated back-and-forth actions, all your holdings end up clustered around relatively high points and higher highs—one long bear run, and you’re cursing while cutting losses.

DCA doesn’t require technical skills; it only requires patience—patience to wait for a low price. If you choose DCA, it’s definitely because the market is in a bearish, pessimistic situation when you start buying. If you can’t overcome fear, how can you overcome the greed to reduce your position?

If you miss it, just wait for the next wave. In the trading market, everything is missing—except opportunities.