Many people have not noticed the obvious differences between a bull market and a bear market, so let's briefly discuss:
A bear market looks like this:
At first, prices may spike up suddenly, but gradually they start to fall.
Often, bad news spreads globally, and although prices may occasionally rebound, this bad news cannot stop the downward trend.
Price fluctuations are large, especially for cryptocurrencies, which are like a roller coaster ride.
Altcoins are particularly miserable, many drop to almost nothing within one or two years, and only a few strong ones can survive.
Looking at it now, most altcoins have dropped by 90%, and they may continue to fall. Those that survive may boom again in the next bull market.
Looking at the candlestick chart, there are more reds than greens, and prices are either steadily falling or stagnating.
Retail investors find it tough during this time, most have lost quite a bit.
A bull market, on the other hand, is different:
Prices may suddenly drop at the start, but then gradually recover.
Initially, there may be a string of bad news, but occasionally some good news hints at a turnaround.
Most cryptocurrencies tend to rise steadily.
The market is very lively, everyone is enthusiastic, looking at the charts, greens are dominating, and prices soar.
During this time, losses are fewer, and retail investors find it easier to profit.
Understanding these differences is crucial for market operations, whether to minimize losses in a bear market or to maximize profits in a bull market, one must be aware.
The market has experienced a sharp decline, and next, I will prepare some suitable coins for bottom fishing as a recovery plan. If you're confused and helpless, follow me! Choices matter more than effort.
