Several Stages of a Bull Market

Stage One: Everyone is full of confidence, encouraging each other, making promises, engaging in speculation, pushing hard every day to achieve great things.

Stage Two: The market is sideways without much increase, people's confidence begins to wane, but they still persist in pushing.

Stage Three: The price of the coin starts to drop, many people begin to chase positions and buy the dip.

Stage Four: The price of the coin continues to fall, buying the dip becomes difficult, conversations decrease, and enthusiasm for pushing drops significantly.

Stage Five: Negative sentiments start to appear in the group, and people begin to criticize the project team!

Stage Six: Almost no one is talking in the group anymore, not even criticizing, because most people have already exited and are no longer concerned, so they don't criticize anymore.

Stage Seven: The market continues to linger at low levels, eroding the last remnants of belief among retail investors.

Stage Eight: The market begins to recover, the whales start testing the waters, making a big push to see the reaction of retail investors; if there are retail investors chasing, they continue to push the next day. After a few rounds of testing, retail investors become hesitant to chase, and the market truly takes off.

What stage are we at now???