Three stages of the bull market:
The first stage: the rise of Bitcoin:
The price of BTC rose, driving the entire market, and various altcoins also followed the rise, and the Bitcoin ecosystem remained strong.
The second stage: the madness of Ethereum:
The price of ETH rose sharply, driving the hot altcoins to soar together, such as AI, Web3, Layer 2, blockchain games, metaverse, new public chains and other projects.
The third stage is a comprehensive rise:
All cryptocurrencies are rising, asset prices doubled after a night, MEME coins began to perform, altcoins such as Dogecoin prevailed, and FOMO sentiment reached its peak.
In general, unless there is a black swan event, the decline of Bitcoin is usually limited. It is a wise choice to hold low-priced chips. For investors who are short or have a small position, every decline is an opportunity.
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