The pancake madness has started again. If long positions are getting liquidated, let's take another wave. Where are there children crying every day, and where are there traders losing every day? Not to mention that the prices during the New Year affect our mood, which family doesn't make dumplings and eat well 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 decline.

In a bull market, it's the opposite; prices sharply drop and then gradually recover.

Before a bear market arrives, negative news circulates globally, yet it often leads to price increases.

In the lead-up to a bull market, although negative news is continuous, there are occasional positive news stories.

In a bear market, certain currencies experience significant price fluctuations, with both rises and falls.

In a bull market, most currencies see their prices continually rise.

The characteristic of a bear market is that within one or two years, most altcoins lose over 90% of their value. Currently, altcoins have already dropped by 90%, and they may continue to fall in the future.

Only a few potential currencies can survive the bear market and shine in the next bull market. During a bear market, there are more bearish candles than bullish ones on the K-line chart, indicating that prices mainly fluctuate and decline. Retail investors find it hard to make profits and most of the time incur losses.

The characteristics of a bull market are that trading volume and market activity continuously increase. On the K-line chart, there are more bullish candles than bearish ones, prices rarely fall, and retail investors mostly make profits with very few losses.