If divided by weekly structure, I personally think that now is the second half of the bull market, and it is the early stage of the second half of the bull market.

The first half of the bull market is from December 2022 to March 2024. This stage is actually a transition from rebound to reversal, and it is also an extremely uncertain stage. It is normal for everyone to be full of doubts and confusion about the starting time of a new round of bull market. It was not until the beginning of this year that it reached 50,000 that the market slowly reached a consensus that it is now a new round of bull market.

From March 2024 to October 2024, the overall is a halftime break after the end of the first half of the bull market. Due to the continuous ups and downs in this stage, especially the big cake, the trend is close to the state of diffusion triangle, resulting in insufficient market confidence at this stage. Originally, there were a large number of people who firmly believed that Bitcoin could go to 100,000 or even higher. In the large fluctuations in the market, they became unsteady in their positions, and even a large number of bulls turned to bearish. The altcoin market plummeted and continued to fluctuate and fall, causing a great blow to the confidence of retail investors. Everyone is wondering whether the bull market is over, and the market is beginning to be filled with a new round of doubts and confusion.

The reason why it is said that it is the early stage of the second half of the bull market is mainly because the current market has just started to improve, and the market has not yet reached the stage of unanimous overall bullishness. There are still many people who are cautious about the current market. When everyone is no longer worried about whether there will be a big correction and no longer afraid of heights, the market will slowly transition to the middle or late stage of the second half of the bull market.