The bull market will likely go through the following stages:
1. BTC Dominance Stage: Bitcoin's market share continues to rise, drawing liquidity away from altcoins, with BTC maintaining strong performance and becoming the core of the market.
2. ETH Relay Stage: Ethereum takes over the baton, rapidly rising, while related hot altcoins also increase, especially projects in sectors such as Layer 2, blockchain games, the metaverse, and emerging public chains.
3. Market Frenzy Stage: All cryptocurrencies generally rise, creating a situation where "assets double overnight," with MEME coins becoming the main performers in the market, and various altcoins and pump-and-dump coins soaring, as FOMO reaches its peak, leading to tales of wealth that make one question reality.
4. Market Crash Stage: The entire market experiences a significant pullback, with mainstream coins seeing substantial declines, and altcoins facing severe drops, entering a correction period.
