A bull market will probably be divided into the following stages:
1. 🌟The dominance rate of BTC is rising, blood-sucking copycats are emerging, and BTC continues to be strong. At this stage, Bitcoin’s market value and trading volume will increase significantly, attracting large capital inflows. At the same time, altcoins are likely to perform relatively weakly.
2. 🚀ETH relay is soaring all the way, and hot altcoins are rising together with Ethereum. At this stage, the market value and transaction volume of Ethereum will increase significantly, and altcoins in these tracks such as L2, chain games, Yuanverse+, and new public chains will also be sought after by funds.
3. 📉All the coins are rising, the scene of assets doubling after a sleep, the MEME performance season, and local dogs flying all over the sky. At this stage, market sentiment will reach its peak, and the prices of various altcoins, pheasant coins, and air coins may rise sharply. However, this also means that the risks in the market are increasing.
4. 🔥Across the board, mainstream currencies have retreated sharply, and copycats have plummeted. In the final stages of a bull market, the market may experience a massive sell-off, causing major and altcoin prices to plummet.
💰At each stage of the bull market, we need to adjust investment strategies based on market dynamics. In the first stage, you can pay attention to the investment opportunities of Bitcoin and Ethereum; in the second stage, you can pay attention to the investment opportunities of hot altcoins; in the third stage, you need to be wary of market risks and avoid excessive speculation; in the fourth stage, It is necessary to reduce positions in time to avoid asset shrinkage.
🚧Finally, we need to be reminded that the risk is high in the late stage of the bull market, so you need to be cautious when entering the market. In the investment process, we must do a good job in risk management.