I will add one cent from myself. In 2017, we had this situation where there was fear in the market. If you look at the news in 2017, China was also about to outlaw cryptocurrencies. Now there is the same situation in the market. Everyone has access to information, you just need to know how to use it. I bought on a slight upside, so I'm calmly waiting and not panicking. It is a pity that I do not have stablecoin in my portfolio, because I would definitely buy ETH and BNB.
As you said there have to be drops and this is healthy for the market. Will BTC fall yet? Maybe yes maybe no. I would enter the market today.
Let's look at the volume of 2017 and 2021. We often forget about the volume and focus on the twitter😀