The four stages of the bull market must be read and collected.

1.

Accumulation stage:

After several years of decline, the market is showing signs of bottoming out, with constant bad news and panic among retail investors.

A bull market usually begins after a relatively long period of sideways movement.

At this stage, market panic and uncertainty gradually dissipated, and investors began to gradually regain confidence in the market. At this stage, the prices of various currencies will be at a relatively low level, but the trading volume will gradually increase, indicating the arrival of the early stage of the bull market.

2.

Rising stage:

When market confidence is fully restored, a large amount of funds begin to flow into the market and rise rapidly. This is the rising stage of the bull market. At this stage, most currencies will perform well, market sentiment will reach a high level, and news and reports will be bullish on the market.

3.

Crazy stage:

Good news continues, and as currency prices continue to rise, the market gradually enters a feverish state.

This stage is characterized by investors being generally overly optimistic, and market valuations may be higher than their actual value. Newbies and novice investors are also starting to flood the market in hopes of making a fortune.

This is a risky phase in a bull market, as excessive madness often signals an impending market top.

4.

Differentiation stage:

When the market frenzy died down, the coins began to diverge.

Quality coins can still maintain an upward trend, while junk coins start to fall. This stage requires investors to make more careful analysis and choices, because the market is about to enter a bear market.

So the question is, what stage have we entered? $BTC $BNB $ETH