8.21 Is the bull market here? 1. Judging purely from the K-line pattern, the current weekly trend is identical to the end-of-bear/start-of-bull trends in 2018 and 2022. A strong, high-volume candlestick has decisively broken above the bull market support zone—this is a very bullish signal on the weekly chart. 2. The only difference is that the bottoms in 2018 and late 2022 coincided with stock index lows, whereas the stock index is still at historical highs right now. The current backdrop is more similar to the previous cycle in May 2021, when $BTC halved from $60K to $30K before hitting a new high of $69K. At that time, the stock index was also at historical highs. Regardless, the bulls should be able to sustain momentum for at least one to two months.