Bull Market Characteristics:

First 8 Months: The market shows slow fluctuations and consolidation adjustments, with funds gradually positioning.

Last 2 Months: Market sentiment rapidly heats up, forming a main upward wave, and prices surge dramatically.

Final 2 Months: Market sentiment reaches its peak, crazily building a top, with significantly increased risks.

Current Judgment:

The bull market started in March 2024 and is currently in a mid-term consolidation phase; the real explosion has yet to come.

Based on historical cycles, the explosive period is expected to be between February and May 2025, with the main upward wave completing most of its gains in just a few months.

The entire bull market may end in July 2025, followed by a bear market.