I've been asking myself a question lately: Is the bull market back?
Without any warning, no KOL calls, and no overwhelming FOMO news, the market suddenly made a quiet surge. In that moment, many thought a bull market was about to start, and some even said, 'It's too late to get on board.' But I felt a bit more clear-headed—true bull markets are never defined by a single surge.
This rebound, to put it simply, is just a technical correction. It has fallen too much, so it was due for a rebound, that's all. Market sentiment remains fragile, and the flow of funds isn't very active; it rises quickly and falls just as fast—echoing the 'false spring' we got used to during bear markets.
Now is a very typical 'tug-of-war period.' Both bulls and bears are probing, neither daring to go all out; on the surface, it seems calm, but underneath, the tides are surging. It's like two people playing chess, seemingly paving the way, but actually waiting for the other to make the first move.
I'm not in a hurry to chase the highs, nor do I intend to draw conclusions easily. Instead, I feel that the true turning point for the return of the bull market won't be at this moment but will become clear only after July. Whether it's the policy side, macroeconomics, or the market reaction after the BTC halving, all require time to settle.
Bull markets are not afraid of waiting; they fear misjudgment, impatience, and being led by the market's rhythm. What we should learn is not to chase fads but to understand the signs of the winds beginning to rise.
So let's continue to wait, for a true signal rather than a fleeting illusion.
