The common four stages of market cycles: accumulation, uptrend, distribution, and downtrend. Most people lose money not because they don’t know bull and bear markets, but because they take the end of an uptrend as the starting point and the end of a downtrend as the endpoint. To judge a cycle, don’t look only at price—also consider trading volume, sentiment, funding rates, and narrative momentum. The more lively it is, the more you should ask: who will take the last baton? #MarketCycle