Typical Phenomena and Opinions in the Early Stages of a Bull Market

At the beginning of a bull market, the market often exhibits the following characteristics:

Significant BTC Leading Effect: When Bitcoin rallies, a large amount of market funds flows into BTC, causing altcoins to be drained and perform relatively weakly.

BTC Adjustments Make Altcoins More Vulnerable: Once Bitcoin pulls back, altcoins typically follow with a sharp decline, quickly amplifying market risk.

Emergence of New Concept Coins: During this phase, only those new coins with independent logic or trending concepts are likely to break out independently.

Debate on Whether the Bull Market Has Topped

Some assert that the bull market has peaked, even suggesting the phrase “see you next year.” Regarding this viewpoint, I believe that while short-term pullback judgments can be understood, claiming that the bull market has ended is overly hasty. The market trend has not fully revealed itself, and drawing conclusions too early is a one-sided interpretation of the situation.

Of course, we cannot rule out the possibility of individual judgment being biased. If it turns out that the bull market has indeed ended, then let’s accept the market’s education and have a little banter about it. The trading market is just like that—opinions collide, and ups and downs prove right or wrong.