Deduction from personal experience

Niu Chu:
BTC strong
New things are awesome, brc20 and other inscriptions on the wheel is Defi
The new coins that came out of the bear market are crazy pulls that have not been speculated
Mid-Bull Market:
Major Narratives: New Things Continue, RWA, Second Floor, AI, etc
Mid-to-late stage of the bull market: ETH Fang is strong,
Chain games are crazy, memes are crazy
Some of the old coins that looked hopeless exploded, and most of them got off. One pull is several times
In the end the cow died, and a bunch of leeks was at the top of the mountain