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I just received a question: What does bullish mean? Turns out, many newcomers to the market are not familiar with these terms. In fact, these are words you will hear every day if you get into trading or crypto.
Perhaps you're also curious why people say "bullish market" or "bearish situation" instead of simply saying prices are going up or down? The story here dates back to the 18th century, when financial traders started using animal comparisons to describe price movements. It’s easy to remember and understand, so this way of speaking has persisted to this day.
Let's start with bullish. This word comes from Bull, meaning bull. When a bull attacks, it raises its horns from below upward, a movement that is aggressive and upward. Therefore, bullish is used to indicate a rising market, when people expect prices to continue increasing.
Conversely, bearish comes from Bear. When a bear attacks, it slams down with its claws from above downward, a downward movement. So, bearish is used to describe a declining market, when people are worried that prices will keep falling.
This comparison is very useful because it helps you quickly grasp market sentiment. Instead of lengthy explanations, you just say "bullish" and everyone understands that prices will go up. Similarly, "bearish" means prices will go down.
Now that you know what bullish and bearish mean, observe the market and tell me what signals you're seeing. Will BTC, ETH, or BNB be bullish or bearish in the near future? Thank you all for following me.