Let me share some of my understanding of the bull market cycle:
First, let's talk about the beginning of the bull market. When the price of Bitcoin (BTC) continues to rise and gradually approaches its historical high (ATH), and there will be a short period of adjustment in the process, about one to three months, it almost marks the end of the early stage of the bull market.
Next, let's talk about the middle stage of the bull market. In this stage, Ethereum (ETH) and other public chain projects will reach their highs one after another, and then they will also experience an adjustment. This adjustment will last about a month, and at the same time, you will find that Bitcoin's market capitalization share in the entire cryptocurrency market will gradually decrease. Once this stage is over, it means that the mid-term of the bull market is almost over.
Finally, let's talk about the end of the bull market. When Bitcoin and Ethereum both reach their historical highs, and then those small altcoins begin to explode on a large scale, and various sectors are rotating, this is the sign of the beginning of the late stage of the bull market. At this time, Bitcoin's market capitalization share in the entire market will continue to decline, and those greed indicators will also reach historical highs. Once this stage is over, it means that the bull market is really over.
Therefore, according to my personal observation and analysis, we are now in the early end of the bull market, and the mid-term has not yet begun. For the entire cycle, we have just started. I wonder what you think?
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