Bull Market Prelude, or Just a Brief Mood Rebound?

The market's most common question: Is this the start of a new bull market? When stocks and cryptocurrencies rise together, optimists will shout "Liquidity is back." Indeed, increased risk appetite is an important prerequisite for a bull market, but not the only condition.
A true bull market often involves multiple resonances: improved policy environment, sustained net capital inflows, narrative upgrades, and technological breakthroughs. If it's just a short-term rebound, with no significant increase in trading volume and new funds, then the rally may not be sustainable.
It's worth noting that a steady rebound in traditional markets can boost confidence, and confidence is the most scarce fuel in crypto. After making profits in stocks, investors are more willing to try highly elastic assets. This psychological spillover could become a driving force.
A humorous note: a bull market is not a switch, but a gradient. Don't think spring has arrived just because of two days of bullish candles, and don't assume winter is here to stay after a few pullbacks. The key is the trend structure, not single-day K-lines. #深度创作营