Of course i agree with you but buy and hold strategies are almost always based on fundamental analysis and are usually not concerned with technical indicators. The strategy also likely won't involve monitoring portfolio performance frequently only occasionally. Investing in cryptocurrency does not seek to chase short term gains. So true investing requires a long term perspective. Success in cryptocurrency investing requires patience. Don't get busy with daily price fluctuations but focus on saving consistently.
When we are in bear market, everyone rush to buy the coins they think will do well in the next cycle and they don't just buy any coin they see. They look at the fundamentals like you said, they look at the tokenomics and the supply of the coin, what the project has to over in the long run, it's project that continue to build and take the community along that wins in every cycle of bull run.
The only coins that doesn't have these pattern are meme coins and we know they are fuel by some hype, trend and what everyone wants for that time and as soon they are done with pump, they lay low again or may even die.