$BTC $ETH $BNB #Megadrop #token2049 #热门话题 The start of a bull market usually requires the joint action of multiple factors. Based on the information collected above, the following are some historical signs and possible driving factors before the start of a bull market:

1. Domestic demand upgrade: According to the analysis of Hu Guopeng's team at Founder Securities, the upgrade of domestic demand to "double expansion" is an important observation signal for the start of a bull market. Historically, the complete cycle of domestic demand upgrade to double expansion has been accompanied by a bull market.

2. Policy support: Adjustments to macroeconomic control policies, such as monetary policy easing and capital market policy reforms, have become important signs of the start of a bull market. For example, the implementation of policies such as the pilot program of equity split reform, interest rate cuts, and reserve requirement ratio cuts may all become catalysts for a bull market.

3. Improvement of economic fundamentals: At least one of the positive economic situation and loose liquidity is one of the backgrounds for the start of a bull market. Stable economic growth and improved corporate profits can boost investor confidence.

4. Improved industry prosperity: The rapid development of a specific industry or policy support can drive the bull market of the entire market. For example, the rapid development of industries such as technology and new energy may become the leader of the bull market.

5. Market sentiment and risk appetite: The increase in investor participation willingness, the boost in market sentiment and the increase in risk appetite are all micro characteristics of the start of a bull market. The strong performance of securities stocks is usually regarded as a weather vane of market sentiment.

6. Deepening reform of the capital market: Adjustments to capital market policies, such as the relaxation or tightening of IPO policies and refinancing policies, as well as adjustments to transaction fees, may have an important impact on the market.

7. Improved liquidity: The loosening of liquidity, such as the central bank's reserve requirement ratio and interest rate cuts, can increase the supply of funds in the market and drive up asset prices.

8. Market valuation and turnover rate: Market valuations at historical lows and an increase in turnover rates are usually regarded as signals of a market reversal.

9. Heavyweight stocks and industry rotation: The sharp rise of heavyweight stocks and the characteristics of industry rotation may indicate an increase in market strength.

10. Regulatory policies: Policy adjustments by regulators, such as the cleanup of external capital allocations and the strengthening of capital market supervision, may become key factors in the start or end of a bull market.