What is meant by a market trend?

A market trend refers to the overall movement or direction in which the price of an asset is heading over a specific period. This can indicate whether the asset is experiencing a bullish trend, where prices are rising, or a bearish trend, where prices are falling. Understanding market trends is crucial for investors and traders as it helps them make informed decisions about buying or selling assets.

The other options touch upon relevant concepts but do not capture the essence of what a market trend is. For instance, while a trading strategy might involve the identification of trends, it does not define what a trend is. Similarly, investor sentiment can influence market trends but is not the same as defining the direction of the asset's price. Lastly, predictions about future surface events do not specifically address the ongoing movements in market prices that trends describe. Understanding price direction is fundamental in the context of market trends.