The first phase of this bull market has lasted for a month

$BTC rose from 60k to 100k

Most coins have also risen 3-5 times from the bottom

Take advantage of the current adjustment phase to do a simple review

First, it's very certain that this is just the first phase of the bull market

In this cycle's first phase, the leading gainers are SOL and its chain's memes

$SOL started to rally in October, reaching a short-term peak on November 21, during which many big tokens on the SOL chain, such as $PNUT, $ACT, $BAN, #CHILLGUY, etc., were listed on Binance.

If we pay attention, we can also find that SOL is the first mainstream coin to start adjusting, usually the leading gainers will also drop first.

From the perspective of funds, market makers have pushed up so many coins during this time, and profits need to be realized;

From a human perspective, everyone has been working hard for a month, and it’s time to take a break.

After the SOL chain cooled down, it seemed like a broad bullish trend, but the overall hotspots began to disperse,

Ethereum is still struggling to maintain above three seconds, but it will definitely not be absent.

I jumped into BASE chain last month and invested in more than ten coins at once, but most ended up losing, only $VIRTUAL performed well, covering the losses of the entire chain with its single coin profit, ultimately it was still a fruitless effort, just contributing liquidity.

Currently, compared to BASE and SOL, there are still too many disadvantages, after all, it's a product of the Coinbase system, which is not surprising.

The market has actually adjusted healthily in the past two days, most coins have risen several times over the past month, and now a 30% or 50% correction is very normal. The upcoming market judgment is as follows:

1. The first phase of the bull market has ended, and after adjustment, it will soon enter the second phase

2. Currently, off-market funds have not yet entered on a large scale, and it is still in the self-excited phase within the market. The rise of many coins is also driven by leverage within the market, so it is very necessary to clear leverage in the short term

3. The adjustment time will not be long, and the second phase will start before Christmas

4. The leading gainers in the second phase will be SOL or ETH, this is my judgment after experiencing several chains. SOL is simple, has a low threshold, and has a mass base; ETH has a need for catch-up

5. The clearing of leverage in the second phase (spike) will be more ruthless than in the first phase, but the overall upward direction remains unchanged, so it's enough to accumulate spot at low prices (like now). Frequent leveraging in a bull market will only accelerate your demise; don’t treat the exchange as fools!