The 4 stages of the bull market, a must-read and a must-collect.

1. Accumulation stage:

After several years of decline, the market has bottomed out, with continued negative news and retail investors shrouded in panic.

A bull market usually begins after a relatively long period of sideways movement.

At this stage, market panic and uncertainty have gradually dissipated, and investors have begun to gradually regain confidence in the market. The prices of each currency will be at a relatively low level at this stage, but the trading volume will gradually increase, indicating the arrival of the early stage of the bull market.

2. Rising stage:

When market confidence is fully restored, a large amount of money begins to pour into the market and will rise rapidly. This is the rising stage of the bull market. At this stage, most currencies will perform well, market sentiment is high, and news and reports will be optimistic about the market.

3. Fanatical stage:

The good news continues, and as currency prices continue to rise, the market gradually enters a feverish state.

This stage is characterized by widespread over-optimism among investors and the market's valuation may be higher than its actual value. Newbies and novice investors are also beginning to flood into the market, hoping to make a fortune.

This is a risky phase in a bull market, as excessive enthusiasm often signals that a market top is imminent.

4. Differentiation stage:

When the market enthusiasm gradually subsided, currencies began to diverge.

High-quality coins can still maintain an upward trend, while junk coins have begun to fall. This stage requires investors to make more careful analysis and choices, because the market is about to enter a bear market.

So the question is, what stage have we entered? #BTC