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I just realized that many new people are entering crypto or trading but don't quite understand terms like "Bullish" or "Bearish." They sound related to animals, but actually, they're not that complicated 😄
There's a question or rather, why are these terms used? It turns out they originate from the 18th century in the financial markets, when traders needed a quick way to describe market trends. They used animal comparisons because they are easy to remember and understand, and from there, it became a global standard.
Regarding Bullish – this term comes from the word "Bull." When a bull attacks, it raises its horns from below upward, and that action symbolizes rising prices. So when people say "bullish market," they are optimistic, expecting prices to go up.
Conversely, it's "Bearish" – from the word "Bear." Bears attack by swiping their claws downward, which represents falling prices. Therefore, a "bearish market" means people expect prices to decline.
Actually, these are just classic comparisons, but they are still very popular in the trading community today. Although they might seem a bit unfamiliar at first, once you understand, they are very easy to remember.
It can be said that both bullish and bearish are ways traders summarize market sentiment. You can use them to communicate with others in the crypto community.
So, how do you see the market right now – bullish or bearish? Let me know your thoughts. And remember to follow me for more interesting trading and crypto knowledge. Thank you all very much ♥