If each bear market retracement structure is similar, then based on the last bear market, BTC's current bear market will be slightly below the previous peak by about 22%.

At the same ratio, it actually looks very close, around $54,000.
In the last bear market, the lowest point of the main decline wave already approached the bottom, and then it was the FTX collapse that completed the ultimate shakeout. I don't know which company will fail in this bear market?
But anyway, I think starting to dollar-cost average at the $60,000 level, even if the bottom is below $50,000, is not a loss...