Is it a bull market or a bear market right now??
If we look at the weekly structure, I personally think we are in the mid-stage of the second half of a bull market.
From December 2022 to March 2024 is the first half of the bull market, which is the stage from rebound to reversal. The market was initially full of doubts until it surged to 50,000 early last year, achieving a consensus on the bull market.
From March to October 2024 is the halftime break stage, where the market fluctuates up and down, with Bitcoin showing a spreading triangle trend. Market confidence is insufficient, bullish positions are wavering, altcoins are declining, retail investor confidence is hit, and the market falls back into doubts and confusion. In November 2024, Bitcoin breaks through 73,777, opening the curtain for the second half of the bull market, with Bitcoin rising to 100,000 and Ethereum experiencing a reversal after a decline, while altcoins rise 1 to 3 times from their low positions.
In January 2025, the market experiences a sharp drop, rebounding after hitting the bottom on April 8, marking the entry into the mid-stage of the second half's peak phase, where one should be prepared for a peak escape. Making money in the second half of the bull market is easier, as the consensus strengthens, and there is solid bullish cohesion in the market, making explosive growth likely. One should prepare funds and manage risk well. The current market has just shown signs of improvement, but there are still cautious individuals. Once the market no longer fears significant corrections and stops being overly cautious, it will transition to the later stage of the second half of the bull market.
