The article explains how to differentiate between bull and bear markets in cryptocurrency, focusing on indicators like price action, volume, sentiment, and on-chain data. It defines bull markets as periods of rising prices and investor optimism, citing Bitcoin's surge from $10,000 to $70,000 as an example. Conversely, bear markets feature consistent price drops and negative sentiment, illustrated by Bitcoin's fall below $20,000 in 2022. Understanding which phase the market is in is crucial for strategic investment and emotional regulation during trading.
In the simplest terms: A bull market is when prices keep going up, people are excited and there's a general sense that the future is bright.
Knowing what kind of market you're in helps you make smarter moves, and that's why this all matters. You don't want to ape into memecoins during a downtrend.
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