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I just realized that quite a few people still confuse the bull and bear sides in crypto. Actually, this is quite easy to understand.
A bull market is when prices are rising, everyone is optimistic, and market sentiment is quite lively. The image of a bull with horns pointing upward is the symbol of this upward trend. Conversely, a bear market is completely different – it’s a period when prices are falling, sentiment is pessimistic, and everyone is worried. The name also reflects that, with a bear swiping downward.
Experts from the U.S. Securities and Exchange Commission also clearly define: a bull market is a period of price increases accompanied by optimistic market sentiment. Meanwhile, the bear side represents difficult times when prices decline.
Looking at BTC currently at $80,570.81 with a +1.15% increase, or ETH, we can see that the market is showing positive signals. Understanding the difference between the bull and bear sides will help you better grasp market psychology, thereby making more informed investment decisions.