3.14 Has the bear market for US stocks begun? 1. The three major indices have all fallen below the weekly bull market support zone and broken through the 3-month consolidation range. This already meets 70% of the characteristics of a bull-to-bear transition. If they drop below the previous stage lows, it will further confirm the start of a bear market. 2. The crypto bear market often starts earlier than the US stock market, but the bottom is usually synchronized. $BTC at $60K is still far from the bear market bottom. 3. Since $BTC was the first to be halved, its recent trend has been independent of US stocks. A rebound in March-April is still likely.