According to the historical bull market patterns of the cryptocurrency market, the entire market bull run led by Bitcoin will go through four stages: an initial surge, a repeated momentum, a peak, and a subsequent decline, followed by a brief resurgence. Overall, there are four stages.

In these four stages, there will be different altcoins rotating and surging, and we are currently still in the initial surge of the first stage.

The first stage of Bitcoin should not be considered complete because from the time Bitcoin reached its new high to the current price, there hasn’t been much increase in space (less than 30%). Additionally, the short-term trend for Bitcoin typically involves a strong consolidation after reaching a new high. If the first stage were completed, there would generally be a trending topic that could attract attention, such as Bitcoin reaching 100,000, boosting the market sentiment, and drawing in new investors, followed by a correction before transitioning into a more aggressive second phase.

Throughout the bull market phase, do not short-sell; eliminate all short positions.

The bull market for Bitcoin will only peak after completing the third stage. The subsequent resurgence phase may not reach new highs, and the final stage will be accompanied by an explosive surge of altcoins. Once this stage is complete, it will be a chaotic aftermath akin to a battlefield strewn with debris. The number of Binance registered users has exceeded 240 million.