Is it a bull market now?

Answer: No, it’s just a surge in Bitcoin.

Those who think it’s a bull market now probably fall into two categories: either they don’t understand what a bull market is, or they have never experienced a real bull market. Take the bull market of 2021 as an example; very few people actually made money through going long during that market wave.

Looking back, the "5.19" incident actually occurred in the early stages of the 2021 bull market, not during its full development. Many people know little about the important years in the crypto space, such as 2014, 2017, and 2021.

Taking the 2021 bull market as an example, Bitcoin first rose to $64,000, then plummeted by nearly 60%. In the subsequent rise, there was even a day when it surged nearly 40% in a single day, but immediately after, it dropped 33% within 24 hours. It was only after such severe fluctuations that the market entered a true flourishing stage. However, when the real bull market arrives, how many people dare to chase the long position, and how many still have enough chips in hand?

Many people don’t even grasp the basic concept of a bull market, so don’t easily trust the opinions of those “retail investors.” The start of a true bull market is necessarily characterized by extremely high bearish sentiment and massive short positions, while the bulls generally do not dare to chase long positions easily. Every time a bull market starts, it follows this pattern without exception.

Finally, at the end of 2024, keep an eye on Marvin, which is associated with Elon Musk.

As the dog that has accompanied Musk the longest, he has mentioned Marvin several times in his tweets. It is a potential meme coin that can be tentatively invested with small funds, and it might bring surprises!