Bullish and bearish markets: what does it mean for a trader?

Traders working with cryptocurrencies often encounter the terms "bullish" and "bearish" market. A bullish market is a period of rising prices, when optimism dominates, and most investors buy assets in expectation of profit. In contrast, a bearish market is characterized by falling quotes, leading to panic among participants. To trade successfully, it is important to be able to correctly identify the current phase of the market. In a bullish trend, traders often use the "buy and hold" strategy, while in a bearish market, they consider selling and short-term trades to minimize losses.