1. New users entering the market: Are there a large number of new users entering the market? If so, it is a bull market, otherwise it is a bear market.

2. Incremental capital inflow: Is there new capital flowing into the market? If so, it is a bull market, otherwise it is a bear market.

3. Currency price increase: Are the prices of most currencies increasing? If so, it is a bull market, otherwise it is a bear market.

4. Project financing: Are there many projects that can raise new funds? If so, it is a bull market, otherwise it is a bear market.

Based on these criteria, do you think the current market is a bear market or a bull market? #牛市 #熊市 #BTC☀