Many people may not realize the difference between a bull market and a bear market. In short:
In a bear market, prices typically experience a sharp rise followed by a gradual decline; in contrast, a bull market may see prices suddenly drop but then quickly rebound.
Before a bear market arrives, despite the global influx of negative news, prices often rise against the trend; while before a bull market, although negative news still exists, there will occasionally be some positive developments.
One characteristic of a bear market is that many cryptocurrencies experience significant price fluctuations, rising and falling intermittently; however, in a bull market, most cryptocurrencies show a sustained upward price trend.
Another feature of a bear market is that the market capitalization of many altcoins may evaporate by more than 90% within one or two years.
Currently, many altcoins have dropped by 90%, and they may continue to decline in the future.
Only a few promising cryptocurrencies can survive in a bear market and then experience a breakout in a bull market.
In a bear market, there are more bearish candles on the candlestick chart, indicating an overall downward price fluctuation, with retail investors typically in a state of loss and finding it difficult to profit.
In contrast, the characteristics of a bull market include increasing trading volume and market activity, with more bullish candles on the candlestick chart, prices rarely fall, and most retail investors can make a profit, with losses occurring less frequently.
