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 gradually decline; but in a bull market, prices may suddenly drop but will quickly rebound.

Before a bear market arrives, although there is constant negative news globally, prices often rise instead; and before a bull market, although there is also quite a bit of negative news, there may 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' prices rise steadily.

The characteristic of a bear market is that in one to 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 fall in the future. Only a few promising coins can survive the bear market and shine brightly in the bull market. In a bear market, there are more bearish candles than bullish candles on the candlestick chart, indicating that prices are mainly fluctuating downwards, and retail investors find it difficult to make a profit, often remaining 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 can make a profit, with losses being rare.