So far, it is certain that the bull market has started.
First, let’s clarify the first stage of the bull market:
At the beginning of the market, confidence has not fully recovered. It requires a significant rise in Bitcoin to signal to the market that a bull market has arrived.
Often, during small pullbacks in BTC, due to the prolonged weak conditions of altcoins previously experienced, panic psychology is severe, and altcoins tend to experience larger declines.
Altcoins often have a lot of trapped investors, and even if the main forces want to drive the price up, they will repeatedly wash out positions at key levels.
It is now certain that the bull market is in the first stage, and the upcoming second stage is the most important because it is the most profitable stage of the bull market. Missing the rhythm could mean missing the entire bull market.
The second stage of the bull market:
In the second stage, as BTC rises, market confidence increases, funds become more active, and coupled with a few sectors experiencing explosive growth in the first stage.
The biggest feature of the second stage is: popular sectors will continue to enhance the wealth effect. This is because the sectors that rose in the first stage are continuously promoting their benefits and bright futures.
Thus, the overall situation in the second stage is that the market sees a general rise, and leading sectors continue to have a wealth effect. We won't elaborate on the general rise, but what we are most interested in is finding sectors that may have a wealth effect!
