Bull markets develop in specific stages, detailed as follows:

Firstly, in the early stage of the bull market, funds converge like flowing water into Bitcoin (the big pancake), pushing its price to climb and create new highs. At this time, the market is like a small flame being ignited, emotions gradually warming up, and investors are noticing changes in the market.

Secondly, after Bitcoin's price reaches a certain height, funds flow into high-quality large-cap projects like Ethereum (the second aunt), Solana (the third Solana), etc. This boosts bullish sentiment, and investors become more confident that a bull market is coming, with market heat continuing to rise.

Thirdly, as market heat increases further, funds pour into strong altcoins like WIF, BONK, SUI, Dogecoin, and then flow into mid and small-cap altcoins like Shiba Inu and Pepe. At this point, the market is frenzied, seemingly losing rationality, making it easy to make money, while technical and fundamental analysis and indicators are overlooked.

Fourthly, in the final stage of the bull market, there are signals of a transition from bull to bear. Prices consolidate at high levels, and market liquidity decreases. Altcoins quickly double in value, attracting small retail investors to follow suit; after the market reversal, these small retail investors can easily get trapped at high levels.

If investors can determine which stage of the bull market the market is in, they will know how to act next.

If you want to delve deep into the crypto space but are struggling to find direction and want to quickly understand the information gap, whether it's contracts or spot trading, you can 👉 learn more in my profile #币安矿池FB联合挖矿 #AVAX、ROSE、ADA大额解锁 #PNUT再次走高