The bear market of 2017-2018 can be divided into two phases: first dropping from 18,000 to 6,000-8,000, then after a prolonged period of fluctuation, it was halved again to around 3,000...

The small bear market of 2019-2020 started with a drop from 14,000 to 6,000-7,000, then rebounded and fluctuated before being halved again to 3,800...
The 2022 bear market first saw a halving from 69,000 to 32,000, followed by a rebound and several months of fluctuation, then on the basis of the lowest price, it was halved again to 15,000-16,000...
So if you insist on trying to find a pattern, this is a relatively stable one:
In each cycle of Bitcoin's bear market, the new low price will experience two halving events on a monthly chart level...
Therefore, the current drop from 120,000 to 60,000 has completed the first halving. Under this logic, falling to 30,000-40,000 in a few months is not an unrealistic fantasy...
But why do I not believe the price can really reach 30,000? Because long-term experience with trying to find patterns tells me that the eternal unchanging rule in market cycles is "things never happen more than three times"!
Any pattern, when verified for the fourth time, will inevitably deviate completely from expectations. So my approach is, as long as a new low appears, it’s the right time to start adding to your position and dollar-cost averaging!
For spot holdings with an average price below 60,000 or even 50,000, I really can't see how I could lose?