Many people do not notice the difference between a bull market and a bear market. Simply put:

In a bear market, prices usually surge sharply first and then slowly decline; but in a bull market, prices may suddenly drop but quickly recover again.

Before a bear market arrives, although there is a constant stream of negative news globally, prices often rise instead; while before a bull market, although there are also many negative news reports, there will occasionally be some positive developments.

In a bear market, many cryptocurrencies experience significant price fluctuations, rising and falling frequently; whereas in a bull market, most cryptocurrencies tend to rise steadily.

The characteristic of a bear market is that over one or two years, the value of most altcoins may evaporate by more than 90%. Many altcoins have already dropped by 90%, and they may continue to decline in the future. Only a few promising coins can survive a bear market and shine brightly during a bull market. In a bear market, the candlestick chart shows more bearish candles than bullish candles, indicating that prices are mainly fluctuating downward, making it difficult for retail investors to profit, and they often remain in a state of loss.

In contrast, the characteristic of a bull market is that trading volume and market activity continue to rise, with more bullish candles than bearish candles on the candlestick chart. Prices rarely fall, and most retail investors are able to make a profit, with losses being quite rare.