This could be the beginning of a bull market,

or it could be the end for many traders at the table.
Many people don't understand,
why the starting point of a bull market is actually the most brutal phase.

Because during this stage,
the market's goal isn't to rally,
but to cleanse the position structure.

The traders left over from the last bear market,
are those accustomed to high leverage, holding positions, and betting on rebounds.
These positions,
are the "impurities" that must be cleared out before the bull market truly begins.

So you'll see:
irrational surges,
sudden drops fueled by good news,
and frequent swings of hundreds of points.

This isn't out of control,
but market makers testing:
who will be driven out by emotion.

The core characteristic of the starting point of a bull market is only one:
the direction gradually turns positive,
but the process is extremely uncomfortable.

Therefore, during this phase,
those who can hold onto spot positions are the safest,
while high-leverage contracts are most likely to fail.

Those who can endure here,
will be qualified later to discuss trends and patterns.

#ETH #BTC #SOL