The pancake madness has started again. If long positions are getting liquidated, then let's take another wave. Where can you find a child crying every day, or a gambler losing every day? Not to mention that prices during the New Year affect our mood, which family doesn't make some dumplings and enjoy a good meal during Christmas?
Most people won't tell you the characteristics of bull and bear markets:
In a bear market, prices suddenly rise and then slowly decline.
In a bull market, it's the opposite; prices sharply decline and then slowly recover.
Before a bear market arrives, negative news floods in globally, yet it often leads to price increases.
On the eve of a bull market, although negative news is constant, positive news occasionally appears.
In a bear market, certain cryptocurrency prices exhibit significant volatility, with both increases and decreases.
In a bull market, most cryptocurrencies' prices continue to rise.
The characteristic of a bear market is that within one or two years, the majority of altcoins will lose over 90% of their value. Currently, altcoins have already dropped by 90%, and they may continue to decline in the future.
Only a few promising cryptocurrencies can survive a bear market and shine in the next bull market. During a bear market, the candlestick chart shows more bearish candles than bullish ones, indicating that prices are mainly fluctuating and declining. Retail investors find it hard to profit, and in most cases, they incur losses.
The characteristics of a bull market are that trading volume and market activity continue to increase. The candlestick chart shows more bullish candles than bearish ones, prices rarely decline, and most retail investors can profit with very few losses.
