The key driving force for this round of BTC bull market rise comes from US buying, so you can analyze the starting timing of the rising market by observing the Coinbase Bitcoin Premium Index.

At present, the Coinbase Bitcoin Premium Index is still negative, but compared with yesterday, its negative value has narrowed significantly, which means that buying in the United States has not yet recovered, but the selling sentiment has eased.

The rally on November 6 and November 19 both started after the Coinbase Bitcoin Premium Index turned from negative to positive.

Once we notice that the Coinbase Bitcoin Premium Index changes from negative to sustained and significant positive, and the Bitcoin spot ETF also changes from net outflows to net inflows, then there is a high probability that the upward trend is about to start.