Bull Market Characteristics:

• First 8 Months: Slow fluctuations, consolidation adjustments, gradual capital layout.

• Last 2 Months: Rapid surge, market sentiment explosion, forming the main upward wave.

• Final 2 Months: Crazy topping, sentiment reaches a peak, but risks also intensify.

Current Judgment:

• The bull market started in October 2023, currently in the mid-stage consolidation period, the real explosion has yet to come.

• According to historical rhythm, the explosion period is expected to be from February to May 2024, with the main upward wave completing most of the increase in just a few months.

• The entire bull market may end around July 2025, followed by a bear market.

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