Market stage analysis
In different market cycles, the performance of price fluctuations and market sentiment will be different. The following are typical characteristics of each stage:
1. Early stage of bull market:
- Characteristics: Slow pull-up, most people can't feel it, the market fluctuates upward.
- Current market performance: BTC prices have risen slowly recently, the band operation space is large, and the market is gradually warming up.
2. Early stage of bear market:
- Characteristics: Slow decline, most people feel that there are new highs, but in fact, chips are being distributed.
- Current market performance: If you observe that prices are gradually falling and market sentiment is still optimistic, you need to be alert to the possible early stage of bear market.
3. Bottom stage:
- Characteristics: Continuously create panic, prices hit lower, and the market is extremely pessimistic.
- Current market performance: There has been no obvious panic and continuous sharp drop recently, and the characteristics of the bottom stage rarely appear.
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4. Top stage:
- Characteristics: Continuously create positive news, prices hit higher, and the market is extremely optimistic.
- Current market performance: If major positive news appears frequently and prices hit new highs, be wary of the top stage.
