Typical Phenomena and Debates at the Beginning of a Bull Market
When a bull market first starts, the market often shows the following characteristics:
Significant BTC Leading Effect: When Bitcoin surges, a large amount of market capital flows into BTC, leading to altcoins being drained, resulting in relatively weak performance.
BTC Adjustments Make Altcoins More Vulnerable: Once Bitcoin pulls back, altcoins usually plummet, and market risks quickly magnify.
New Concept Coins Emerge: During this phase, only those new coins with independent logic or trending concepts may experience independent market movements.
Debate on Whether the Bull Market Has Peaked
Some assert that the bull market has peaked, even suggesting “See you next year.” In response to this viewpoint, I believe that short-term pullback judgments can be understood, but to say that the bull market has ended is somewhat overreaching. The market trend has not yet fully revealed itself, and jumping to conclusions too early is a one-sided interpretation of the situation.
Of course, personal judgments may also have biases. If it turns out that the bull market has indeed ended, then let's accept the market's lesson and have a little fun with each other. That's just how the trading market works—opinions collide, and rises and falls validate right and wrong.