Characteristics of Bull and Bear Markets in Cryptocurrency Revealed: 🔥
In a bull market, prices will drop sharply and then slowly rise.
In a bear market, the opposite occurs: prices suddenly rise and then gradually fall.
Before a bull market, although negative news is continuous, there are occasional positive news.
Before a bear market arrives, global negative news is frequent, yet often leads to price increases.
In a bull market, most cryptocurrencies continuously increase in price.
In a bear market, certain currencies exhibit significant price volatility, with both gains and losses.
The characteristics of a bull market are that trading volume and market activity will continue to increase. On candlestick charts, there are more bullish (green) candles than bearish (red) ones, prices rarely fall, and retail investors mostly profit with few losses.
The features of a bear market are that within one or two years, most altcoins will lose over 90% of their value. Currently, altcoins have already dropped 90%, and they may continue to decline in the future. Only a few promising cryptocurrencies can survive the bear market and shine in the next bull market. During a bear market, candlestick charts show more bearish (red) candles than bullish (green) ones, indicating that prices primarily fluctuate and decline. Retail investors find it hard to profit, and in most cases, they incur losses.
Currently in a speculative bull phase, the primary market can be positioned. For example, the Ethereum-based #puppies coin, backed by the Musk concept, has potential for a hundredfold increase and is expected to become the next SHIB.
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