The development of a bull market is usually as follows:

1. When a surge occurs in the early stages of a bull market: the price increase is so strong that investors can't help but wonder, has the bull market really arrived? Because the increase is too amazing, investors often dare not add positions rashly, and most choose to wait and see.

2. When prices continue to soar: At this time, investors suddenly realize that the bull market has arrived. However, given that prices have risen sharply, investors dare not buy on a large scale, but only buy a small amount first to try to test the market, and at the same time expect to increase their positions after the price falls back.

3. The bull market enters the surge and peak stage: investors are in high spirits and choose to increase their positions, even using leverage. They firmly believe that a price breakout of 100,000 is not out of reach, and they feel a sense of urgency in their hearts, thinking that if they do not enter the market at this time, they will miss the opportunity.

4. The market begins to plummet: Investors think that this is just a technical adjustment, and continue to add positions.

5. When the plunge continues: Investors begin to panic and eventually choose to cut their losses and leave the market.

6. If the market enters a long-term downward trend: investors will be trapped, and this trapped state may last up to 3 years. If you want to dig deeper into the cryptocurrency circle, but can't find a clue, and want to quickly understand the information gap, whether it is a contract or spot, you can 👉 Learn more in my profile #美国CPI公布后降息预期上升 #BTC连续破新高，你看到多少？