#牛市季来临

1. Bull Market Characteristics

• Long-term price increase: Major coins (such as Bitcoin, Ethereum) drive the overall market up.

• Increased trading volume: Investors and institutional funds pour in, and trading volume increases.

• High investment sentiment: FOMO (fear of missing out) sentiment spreads, and the proportion of novices entering the market is high.

• Altcoin prosperity: Funds spill over to small-market-cap currencies, with amazing short-term gains.

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2. Possible Triggering Factors

• Bitcoin halving: Historically, bull markets often appear about 12-18 months after halving.

• Loose macroeconomic conditions: Interest rate cuts, money printing, and increased dollar liquidity.

• Institutional entry: ETF approval, corporate currency purchases (such as MicroStrategy).

• Breakthroughs in blockchain applications: New public chains, DeFi, NFT, and GameFi craze.

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3. Bull Market Cycle Structure (Simplified Version)

1. Early start: Bitcoin leads the rise, and funds enter the market.

2. Overall rise: ETH and mainstream altcoins follow suit, and trading is active.

3. Crazy stage: Small coins skyrocket, and the bubble expands.

4. Top and pullback: The good news is exhausted, and the price fluctuates sharply before falling.

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4. Risk Reminder

• The "surge" in the later stage of a bull market is often accompanied by a "plunge," with a retracement of up to 70% to 90%.

• High-leverage trading may be forced to liquidate in a sharp drop.

• When market sentiment is extremely optimistic, it is often not far from the top.