I've just realized that many people still confuse the bull and bear markets in the crypto market. In fact, this concept is quite simple but very important to understand market psychology.

Basically, the bull (Bull market) represents an upward trend — at this time, investors are optimistic, believing that prices will continue to rise. The image of a bull with horns pointing upward is the symbol of this growth. Conversely, the bear (Bear market) is when the market is declining, with pessimistic sentiment, and everyone is worried about a downward trend.

According to the definition from the U.S. Securities and Exchange Commission (SEC), a bull market is a period when prices are steadily increasing and investor sentiment is enthusiastic. In contrast, a bear market is when prices drop sharply and everyone feels fearful.

Looking at BTC and ETH, I see that understanding the bull and bear markets will help you make better investment decisions. For example, when BTC is at $67,626 with a +0.41% increase, these are small signals you need to monitor to determine which phase the market is in. Clearly distinguishing between these two phases will help you avoid making impulsive decisions.