Those who understand know that a bull market is not a game of getting rich overnight; it has its own set of steps. Mastering these four stages of a bull market will allow you to make money in rhythm and avoid losing a lot. Let's take a look at these four stages to help you become an expert in the market!
First Stage: Market is Quiet, Prices Hit Bottom
Before the bull market starts, the market is incredibly quiet, and everyone thinks cryptocurrencies are doomed. Prices have dropped as low as they can go, and mainstream coins and altcoins seem forgotten. But at this time, some people are quietly positioning themselves, preparing to buy at the bottom. This is the starting point of the bull market; you need vision to see the opportunities here.
Second Stage: Prices Slightly Rise, Everyone Observes
The market begins to stir, and prices rebound slightly. At this time, news starts to increase, and discussions appear on social media. But most people are still observing, saying this is just a minor rebound, not a real bull market. You need to understand that the smart ones and veterans have already started to act; you need to keep pace with them.
Third Stage: Prices Skyrocket, Everyone Celebrates
At this stage, the market is simply ecstatic! Prices are rising like a rocket, and stories of financial freedom are everywhere. Mainstream coins and altcoins are soaring, even newcomers can't help but jump in. Everyone thinks this is a great opportunity to make money, and the market is buzzing. But remember, this is also the most dangerous time; you must stay calm and not get carried away.
Fourth Stage: Prices Peak, Plunge Begins
Every bull market must come to an end. When the market is so hot that even the street vendors are talking about Bitcoin, you need to be careful. After prices peak, the plunge begins. Mainstream coins drop first, followed by altcoins making a brief recovery, then they also start to decline. Panic spreads, and the previous myths of making money are shattered. At this time, you need to run fast and not get stuck at high prices.
These four stages of a bull market are a psychological battle. Those who can see through the market's patterns will win in this game. Don't get trapped by momentary greed; learn to stay clear-headed amidst the celebration, so you can truly make money in a bull market.
