"Niu Yi" Bitcoin leads the rise, a large number of projects underperform Bitcoin
When an upcycle occurs, it is usually during a downturn. At this time, the market is in a downturn, but it is beginning to show signs of rebound. It is the time to enter the market, which is called the early stage of the bull market. Now in 2023, the bullish trend starts, and gradually turns from bearish to bullish. In fact, it is now nearing the end of the bullish period. One characteristic is that even if BTC rises, the growth of a large number of projects is not as high as that of Bitcoin, but buyers have a stronger view of Crypto's future.
In addition, small sectors took turns to be speculated. After the speculation, the Bitcoin ecosystem started first, followed by DeFi and Meme. Many sectors showed improvement because funds were replenished, but it did not last long. This is also a typical characteristic of the late bull period.
"Niu Er" is supported by real data, and the lift is distributed to various tracks.
If the market rise enters the second stage, the market will have several characteristics, such as the growth of project value capture, continuous improvement of on-chain data and other basic factors, which will lead to a continuous increase in investors' desire to enter the market and promote the overall industry upward trend. Generally speaking, Niu Er lasts longer and the market conditions are more volatile.
In the market trend of "Niu 1" to "Niu 2", during this period, the upward momentum of the market will be diverted to various projects, but the momentum will still come first around the industry leaders.
During the "Ox Three" period, you should invest prudently and start reaping rewards.
"Bull Three" has several characteristics, such as rapid and violent rise, generally optimistic investment sentiment, etc. The theory also mentions that when investors want to make further short-term profits, it is one of the most obvious signals that the rising market cycle has peaked. If the market situation has reached "Niu San", the number of new currency listings will increase, and investment will become blind; or the profit-making effect of new currency listings will be amplified, and IEOs will be everywhere.
If it reaches the "Bull 3" stage, market sentiment is crazy, and the market's flow of new money reaches its peak. We should be cautious at this stage, but retail investors are relatively lagging behind, and their emotions are still in the "Bull 1" and "Bull 2" states, and the investment sentiment is positive , and it’s easy to become a real taker.
Niu 3 usually takes several months or even, but under current market conditions, the United States has begun to enter the interest rate cut cycle, and it is estimated that it will take some time. The real Niu 3 requires the combined effect of Bitcoin halving and U.S. interest rate cuts, and it is not expected to be seen until the second half of 2025. Niu San is also the time for long-term investors to enter the market.
