The Three Acts of a Bull Market, Forever Repeating, Yet Never Changing

Each round of a bull market feels like a replay of the same play, only the actors, chains, and narratives change, but the rhythm remains unchanged.

First Act: Bitcoin Leads the Way

The prologue of a bull market is always the slow rise of BTC. It brings confidence and draws back capital, marking the starting point of market sentiment.

At this time, everyone is still observing and skeptical, but the smart money has already begun to position itself.

Is the bull market really starting? Look to see if Bitcoin is the first to break new highs.

Second Act: Mainstream Surge (Including Value Coins)

Once BTC stabilizes, mainstream coins like ETH, SOL, and BNB begin to take over, with value coins in the top tier of market capitalization taking turns to soar, while MEME, DeFi, L2, and infrastructure all launch simultaneously.

At this point, the media begins to create momentum, data starts to explode, and you'll see a flurry of news about various ecosystems booming.

Most of the profitable opportunities are hidden within this phase, representing the healthiest surge period.

Third Act: Junk Coins Fly Around, Passing the Buck

This is the final climax of the bull market, with a bunch of unheard-of coins soaring tenfold or even hundreds of times; the meme sector introduces new names every day, with each day heralding 'The next $PEPE.'

Funds begin to detach from rationality, projects start playing emotional short-term games, and cutting losses becomes a mutual agreement.

The real FOMO comes from this phase, and the true risks are also concealed within it.

So, don’t rush; the market always comes in waves.

Where are we now?

BTC has already rebounded first; ETH has just started, and the heat of value coins is beginning to rise.

I believe we are still in the mid-stage of the second phase.

The true climax has yet to come.

The real madness is still ahead.