That's why I prefer to invest for the long term, doing DCA and that kind of news doesn't affect me.
DCA is ok if your hoarding for retirement. a 10 year-40 year plan is good to just invest monthly at whatever that days price is, because yes in 10-40 years all of the first year-decade purchases will be less than the final year-decade prices.
but instead of the long term 10x-1000x projected profits. some investors prefer more short term goals. where buying at the right spot in the beginning helps the profits at the end spot.. after all just a 1-4 year investment can be a loss, as history has shown if you buy at the wrong time.
take for instance the 2013 $1200 peak.. it then corrected and stayed down for years before breaking the $1200 barrier again in 2017.
that 2017 $20k spike. then dipped again and took a couple years to break that barrier again.
so DCA doesnt always work if you are only looking for a 1-4 year investment and not planning to only "buy the dips"