Right now it's a risky time to invest for sure.
I said it before and I will say it again: the crisis still continues and FED is still rising interest rates which is BAD for the economy.
And we also can see that the first stage of the FED pivot has begun. And it's important because statistically, we can see that after the beginning of it economy suffers a lot and everything is going even lower than before.
So I think if you want to play safe, it's better to wait for the big break down of for the fed to start lowering interest rates which will be the best sigh that everything will probably go up from now on.
I think you are worrying too much about what the pivot will yield, yes even though it could basically curb the price of bitcoin if a bad decision in the asset market causes a drop. I think even if a drop in bitcoin wasn't as scary as you might think, free fall is something I don't think will happen.
After all, if you invest for the long term you only need to buy and hold it until the target price level you want is reached.
The goal of investing is profit, but we must remember that investors don't always get profit but loss, this is what is called risk, as long as we are alive and whatever we do, of course there is a risk, if we invest, we are at risk of loss, if we hold money, it is risky value is reduced or lost.
If you are a short-term trader, of course the potential for loss in your trading will be worse, especially in an economic and market situation like now, it is not good for us to trade (except for those who are good at using it). In anything there must be a risk, risk is a friend to investors, so be smart in managing the risks you take so that it doesn't stress you out and make you crazy.