Many people have not mentioned the differences between bull and bear markets:
In a bear market, prices often rise rapidly first and then slowly decline. In contrast, during a bull market, prices may suddenly drop, but then gradually recover.
Before a bear market arrives, there is a constant stream of negative news globally, yet prices often rise.
On the eve of a bull market, despite frequent negative news, there are occasionally positive updates.
In a bear market, some cryptocurrencies experience severe price fluctuations, alternating between rises and falls. In a bull market, most cryptocurrencies' prices continue to climb.
The characteristic of a bear market is that, within one to two years, the value of most altcoins may evaporate by more than 90%. Currently, altcoins have already fallen 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, there are more bearish candles than bullish ones on the candlestick chart, reflecting that prices mainly fluctuate and decline. Retail investors find it difficult to profit and are mostly in a state of loss.
The characteristic of a bull market is that trading volume and market activity continue to increase. There are more bullish candles than bearish ones on the candlestick chart, prices rarely drop, and most retail investors can make a profit, with losses being less frequent.