BTC is at 98,000, is it the horn of a bull market or just a bounce of a bear market?

After going through the challenges of the past few months, many people have long lost interest. As the market warms up, it seems that everyone is seeing hope return. However, I want to remind you not to fomo too much, as there is no bull run immediately.
Currently, I personally think that this is just a recovery due to overselling. The market funds have a positive expectation regarding Trump's policies, but given Trump's nature, no one can guarantee whether he will pull any tricks or not.
This round of the entire crypto world is truly magical. I guess in addition to holding BTC, long-term holders of other small-cap coins are in a state of losing money.
I personally believe that the current market situation is driven by the various policy interests of BTC. At this historical moment, the liquidity of the US dollar still faces a relatively scarce state, and BTC's market share is also reaching new highs.
A true bull run must be facilitated during the dollar expansion period and alongside interest rate cuts. Only when there is sufficient dollar liquidity in the market can financial games continue to develop, and that day will surely come.
In the past, we could only wait patiently.