I've noticed that many confuse the bull cycle as a phenomenon, thinking it's always shorter than the bear cycle. In reality, what is the duration of a bull cycle? They are approximately the same. It just looks different due to the internal structure.

I'll break down four stages to make it clearer. First comes the accumulation phase — long, lasting a year or two. Prices fluctuate mildly, the market is calm, and no one is in a rush. Then begins a breakout from the sideways range, and the price doesn't return to previous levels even during corrections. This is already a sign that the bull cycle is gaining momentum.

Next is the most interesting part — the main growth wave. Here, prices soar upward over 2-3 months, appearing as explosive growth. But when looking at the entire cycle, this is just part of the picture. That's why people often think that bull runs are short — they only notice this bright phase.

Then comes the finale — chaos and instability. Altcoins behave like crazy, prices jump back and forth, fall and surge. At this stage, the market loses its mind, and many mistakenly think this is the end of the bull market.

Right now, it seems we are somewhere between the first and second phases. For those holding spot positions, the main thing is patience. The market may still present good opportunities, so it's better to stay calm and plan actions without panic.

The simple conclusion: a bull cycle, in terms of time, is the same as a bear cycle; it just manifests differently. Understanding these four stages helps avoid emotional reactions and make rational decisions.