Several stages of a bull market.

First, funds flow like water, and the first destination is definitely Bitcoin, pushing its price to new heights. At this point, the market is like a small flame that has been ignited, and sentiment begins to slowly warm up.

Next, funds will flow to high-quality large-cap projects like Ethereum and Solana. After this wave of operations, the bullish sentiment in the market is like adding fuel to the fire, making it burn even brighter, and everyone becomes more certain that a bull market is coming!

Then, the funds will run to those strong altcoins, such as WIF, BONK, SUI, and Dogecoin. After that, it will be the mid and small-cap altcoins, like SHIB and PEPE.

By this time, the entire market is like boiling water, entering a state of complete frenzy, and that’s truly crazy; as long as you enter, you can make money, and technical and fundamental analyses mean nothing at all; all indicators become ineffective!

Finally, signals of a transition from bull to bear will appear, as prices begin to consolidate at high levels, and market liquidity seems to be drained away, getting lower and lower.

Moreover, as those altcoins double quickly, they attract many new small retail investors, resulting in these small investors getting stuck at the peak! Therefore, if everyone can see clearly which stage they are currently in, they will know how to act next!