①Historical data:
Analyze the data from previous bull markets and look for patterns, including time patterns and patterns of rise and fall. In fact, when the overall environment does not change too much, each bull and bear market is extremely similar.
Although this bull market will not copy history, it is still a good basis for judgment.
② Market sentiment:
There are many tools and indicators that can help determine market sentiment, such as the Fear and Greed Index. This can only be used as a reference. The sentiment of the leeks is guided by the market makers. The market makers can make the sentiment high, while the market crashes or keeps the market sideways for a long time can calm the leeks.
③Trading volume:
This is a good analytical factor. If the trading volume is increasing over a long period of time, it can be judged that the market is relatively active, proving that investors are more interested in investing. A decrease may indicate a decrease in investment interest.
④Important news events:
This should be one of the main factors affecting the market of cryptocurrencies. For example, the current Bitcoin spot ETF is constantly hyped by the market as a hot spot. The key is that it is quite useful. Although it is known that the SEC will delay it, it does not affect the important positive factor affecting the market.