Understanding Market Cycles (Bull vs Bear)

What you’ll learn

• •Bull market = sustained rising prices and optimism; bear market = sustained falling prices and pessimism.
• •Crypto cycles have historically been far more dramatic than typical stock market cycles.
• •A common (imperfect) four-phase pattern: accumulation, markup, distribution/euphoria, markdown.
• •Accumulation feels quiet and uncertain; euphoria feels exciting and 'obvious' — both are traps for overconfidence.
• •Reliably timing exact tops and bottoms is extraordinarily difficult, even for professionals — plan around that reality.
• •The grounded approach: accept cycles are unpredictable in timing, and build a strategy that doesn't depend on predicting them.