Many people do not notice the difference between a bull market and a bear market. In simple terms:
In a bear market, prices typically surge sharply first and then slowly decline; but in a bull market, prices may suddenly drop but will quickly rebound.
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 quite a few negative messages, occasionally some positive news will emerge.
In a bear market, the price fluctuations of many cryptocurrencies are significant, rising and falling frequently; while in a bull market, most cryptocurrencies' prices 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%. Now many altcoins have already dropped by 90%, and they may continue to fall in the future. Only a few promising coins can survive a bear market and shine in a bull market. In a bear market, the candlestick chart shows more bearish candles than bullish ones, indicating that prices are mainly fluctuating downward, making it difficult for retail investors to make a profit, often resulting in losses.
In contrast, the characteristic of a bull market is that trading volume and market activity continue to rise, the candlestick chart shows more bullish candles than bearish ones, prices rarely fall, and most retail investors can make a profit, with losses being quite rare.