The stages of the bull market are roughly like this:

The first stage: full of confidence, everyone encourages each other, draws pie, pushes every day, and makes big business.

The second stage: the market is sideways, the price of the currency does not move much, and confidence begins to weaken, but everyone is still pushing and persisting.

The third stage: the price of the currency begins to fall, and many people begin to chase positions and buy at the bottom, thinking that they can get a bargain.

The fourth stage: the price of the currency continues to fall, and those who buy at the bottom are not so confident, the discussion gradually decreases, and the enthusiasm for sales has dropped.

The fifth stage: negative emotions begin to spread, everyone starts to scold the project party, and the mood is low.

The sixth stage: the group is silent, no one discusses, and the scolding is less, everyone basically withdraws and is too lazy to pay attention.

The seventh stage: the market is sluggish, which has worn away the remaining confidence, and retail investors have completely lost patience.

The eighth stage: the market begins to recover, the dealer tests the market, and pulls it to see the reaction of retail investors. If there are followers, continue to pull it the next day. After several rounds of trial, retail investors dare not chase it anymore, and the market really starts to take off.

Now, what stage are we in?

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