《Cryptocurrency Investment Entry Full Path》，learning it is considered a preliminary step into the investor ranks. 😁

1. The cyclical nature of the cryptocurrency market and the bull market "three-wave" structure (having a big picture view to prevent chasing highs and selling lows)

The cyclical nature of the cryptocurrency market: (historical trends for reference, not representative of the future)

① Big cycle: once every four years, Bitcoin undergoes a halving every four years, reducing supply and driving prices up.

② Small cycle: once every year to year and a half, small bull and bear market speculation and capital heat rotation cycle (approximately every 12-18 months)

1. Current position in the cycle (is it in the early stage of a bull market? Or in the declining phase of a bear market?)

Currently, we are in the third small cycle of the Bitcoin halving period from 2020 to 2024, in the later stage of a bull market. The further we go, the more we need to pay attention to risks.

2. Bull market "three-wave" structure

① First wave: Bitcoin (BTC) as a major market indicator similar to stock indexes, and Ethereum (ETH) as a technical indicator at the major market index level, initially rises and attracts capital as a symbol of the bull market's initiation.

Before each rise, Bitcoin will first attract capital, with its market cap exceeding 51%.

② Second wave: mainstream sectors (leading Layer2 coins like Arb, OP, etc., RWA, modular blockchain (range-extended electric vehicles), DeFi).

③ Third wave: Altcoin speculation and profit overflow (meme coins, dog coins, ancient star projects, and some mainstream exchange coins that have not risen), at this point, chaos ensues, and the capital overflow from the first two waves begins to flow into coins that have not risen.

Prince has no paid groups, does not promote any exchanges, and is cautious of scams!