Three stages of the bull market:

The first stage is the rise of Bitcoin: BTC prices have risen sharply, driving the entire market, various altcoins have also followed suit, and the Bitcoin ecosystem has maintained a strong rise.

The second stage is the madness of Ethereum: ETH prices have risen sharply, driving hot altcoins to soar together, such as AI, Web3, Layer 2, blockchain games, metaverse, new public chains and other projects.

The third stage is a comprehensive rise: All cryptocurrencies are rising, asset prices double after a night, MEME coins have begun their performance season, altcoins such as Dogecoin are popular, and FOMO sentiment has reached its peak.

In general, unless there is a big black swan event, the decline of Bitcoin is usually limited. It is a wise choice to hold low-priced chips. For investors who are short or have a small position, every decline is an opportunity.