A typical bull market roadmap is usually like this:
Step 1: The market is extremely pessimistic, shorts are rampant, but no new lows are set
Step 2: Institutional funds enter the market, and the market rebounds
Step 3: The market correction is confirmed
Step 4: Mainstream currencies rise in general
Step 5: Market sentiment improves, and a comprehensive rise begins
Step 6: The wealth creation effect begins, investment sentiment is optimistic, and a comprehensive rise continues
Step 7: The market is extremely optimistic, and valuations far exceed reasonable valuations
Step 8: Institutional funds withdraw, and the market fluctuates at a high level
Step 9: Everyone believes that the bull market is coming, the market will rise forever, and the bull market ends at this time