Bull markets typically exhibit phased characteristics:

In the initial rising phase, the price of cryptocurrencies often achieves significant growth of 3 to 5 times. However, this is usually followed by a correction process with amplitudes ranging from 50% to 80%, causing the price to retreat to the vicinity of the starting point of the initial rising phase.

After experiencing the initial adjustments, the market enters the main upward wave phase. During this period, the price may experience a more robust explosive growth, with increases ranging approximately from 5 to 20 times, until reaching the peak of the bull market.

Once the bull market ends, the price is highly likely to face a sharp decline, with decreases potentially as high as 95%.

Many investors often misjudge their own abilities, underestimating their capacity to select potential cryptocurrencies while overestimating their endurance and determination during the holding process.

If one wants to successfully capture cryptocurrencies with a hundred-fold return, one must possess the ability to withstand significant price corrections and the heavy psychological pressure that comes with it.

In summary, price fluctuations and phased adjustments during a bull market are an inevitable objective phenomenon.

For the majority of investors, only by having sufficient patience and strong psychological qualities can they achieve their profit goals in such a complex and volatile market environment.

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