Is it still too early to invest and lose out on taking full advantage of the current market situation?

Buying only on "events" IS a legit investment strategy, but it involves too much timing to my liking. The probelm is that the current "event" is not a drastic-enough one, yet. So the markets have not reacted super adversely (although we do see some stocks spike up quite a bit).
In general, i advise people to spend some time studying value-investing, and only investing when the price is right, and have faith that eventually the price will go up in the long run. then you can sleep soundly at night.

Early and steadily yes, hurry no. even if sudden crises are a random possible entry point, you shouldn't count count on this. this would be short term thinking.

better think longterm with buy and hold strategy with regular asset contributions and don't (mostly) buy single stocks but successful broad and cheap ETFs (SP500, MSCI World f.ex.). good luck.