So far, it is certain that the bull market has started.
Let me first explain the first phase of the bull market:
At the beginning of the trend, the market's confidence has not fully recovered. It requires a significant rise in Bitcoin to signal that the bull market has arrived.
Many times, when BTC has a minor pullback, due to the long period of weak altcoin performance previously experienced, panic psychology is severe, and altcoins often drop even more.
Altcoins often have a lot of trapped positions, and even if the main force wants to push the price up, it will repeatedly wash out positions at critical points.
It is now confirmed that the bull market is in the first phase, and the upcoming second phase is the most important, as this is the most profitable stage of the bull market. Missing the rhythm might mean missing the entire bull market.
The second phase of the bull market:
In the second phase, due to the rise of BTC, market confidence continues to strengthen, funds begin to be active, and coupled with a few sectors experiencing explosive growth in the first phase.
The biggest characteristic of the second phase is: popular sectors will continue to enhance the wealth effect. This is because the sectors that rose in the first phase are continuously promoting their benefits and promising future.
Therefore, the situation in the entire second phase is a broad market rise, with leading sectors continuing to experience wealth effects. There’s no need to elaborate on the general rise, but what we want most is to identify sectors that may have wealth effects!
