Understanding of the bull market cycle:
The beginning of the bull market: When the price of Bitcoin (BTC) continues to rise and gradually approaches the historical high (ATH), there is usually a period of adjustment, about one to three months. This marks the end of the initial stage of the bull market.
The middle stage of the bull market: In this stage, Ethereum (ETH) and other public chain projects reach their highs one after another, and then experience an adjustment that lasts about a month. At the same time, you will observe that the market value of Bitcoin in the entire cryptocurrency market gradually decreases. When this stage ends, it means that the bull market has entered the mid-term.
The end of the bull market: After Bitcoin and Ethereum reached their historical highs, small-cap altcoins began to explode on a large scale, and various sectors rotated, marking the beginning of the late bull market. At this time, Bitcoin's market value share in the entire market continued to decline, and the greed indicator also reached a historical high. When this stage ends, it means that the bull market is about to end.
Therefore, based on my personal observations and analysis, we are currently at the end of the early stage of the bull market, and the mid-term has not yet begun. Looking at the entire cycle, we are actually just getting started.
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