Bull markets can typically be divided into six stages. Which stage do you think we are currently in?

1. Disbelief in the rise: Market sentiment is low, and most people are skeptical about the bull market, believing that the rebound is only temporary.

2. Belief in a correction: Prices have risen somewhat, but there are general concerns about a new decline.

3. Rise to disbelief: Prices continue to rise significantly, exceeding expectations, causing confusion among investors.

4. Rise to belief: The market gradually warms up, and more and more people begin to believe in the arrival of the bull market.

5. No rise, no belief: Prices stagnate or slightly retract, and market sentiment falls into contradiction again.

6. Disbelief in no rise: Investor sentiment turns extreme, once again filled with uncertainty about future trends.

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