Most people won't tell you the characteristics of bull and bear markets:

In a bear market, prices suddenly rise and then gradually fall.

In a bull market, the opposite occurs, with prices sharply dropping and then slowly recovering.

Before a bear market arrives, global negative news is rampant, yet it often leads to price increases.

On the eve of a bull market, although negative news continues, there are occasional positive reports.

In a bear market, certain cryptocurrencies experience significant price fluctuations, with both gains and losses.

In a bull market, most cryptocurrencies' prices continue to rise.

The characteristic of a bear market is that within one or two years, the value of most altcoins will evaporate by over 90%. Currently, altcoins have already fallen by 90%, and may continue to drop in the future.

Only a few promising cryptocurrencies can survive the bear market and shine in the next bull market. During a bear market, the candlestick chart shows more bearish candles than bullish ones, indicating that prices are mainly fluctuating and declining. Retail investors find it hard to make a profit, and in most cases, they incur losses.

The characteristics of a bull market are that trading volume and market activity continue to increase. The candlestick chart shows more bullish candles than bearish ones, with prices rarely dropping, and retail investors mostly making profits with few losses.

With six years of experience in the cryptocurrency space, I share insights on contract and spot trading. Feel free to click on my profile to consult, and let's improve together!