The pancake frenzy has started again, long positions are being wiped out, so let's take another wave; where are there children who cry every day, where are there gamblers who lose every day? Not only does the price affect mood during the New Year, but which family doesn’t package some dumplings and eat something good during Christmas?
Most people won't tell you the characteristics of a bull market and a bear market:
In a bear market, prices suddenly rise and then slowly fall.
In a bull market, it’s the opposite; prices drop sharply and then slowly recover.
Before a bear market arrives, negative news floods globally, yet often leads to price increases.
On the eve of a bull market, although negative news is constant, there are occasional positive news events.
In a bear market, certain currencies show significant price fluctuations, with both rises and falls.
In a bull market, the prices of most cryptocurrencies continue to rise.
The characteristic of a bear market is that within one or two years, the value of most altcoins will evaporate by more than 90%. Currently, altcoins have already dropped by 90%, and they might continue to fall in the future.
Only a few potential cryptocurrencies can survive the bear market and shine in the next bull market. During the bear market, the candlestick chart shows more bearish candles than bullish ones, indicating that prices mainly fluctuate and decline. 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 fall, and retail investors mostly profit, with few losses.