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Analysis: Bitcoin Only Rose in August for Three Years in the Past Decade, Possibly Entering a Consolidation Period Due to Seasonal Disturbances
Summary: According to Matrixport's analysis, a month ago, based on contrarian seasonal analysis, it was suggested that Bitcoin could rise to $116,000, a prediction now validated by the market. The current market sentiment is gradually turning optimistic, with multiple key events expected this week: dense disclosure of US stock earnings, delayed release of the White House ...
According to Matrixport's analysis, a month ago, based on contrarian seasonal analysis, it was suggested that Bitcoin could rise to $116,000, a prediction now validated by the market. The current market sentiment is gradually turning optimistic, with multiple key events expected this week: dense disclosure of US stock earnings, delayed release of the White House digital asset report, and the Federal Reserve interest rate decision, which may become the new catalyst driving market volatility. However, historical data shows that August and September have historically been relatively weak months for Bitcoin performance. Over the past decade, the average return rate in August has been close to zero, with only three years recording gains. Therefore, many traders often choose to lock in profits at this stage. Despite maintaining a bullish outlook for the year, considering seasonal disturbances, the market may face a tactical consolidation period in the short term.
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Link: Analysis: Bitcoin Only Rose in August for Three Years in the Past Decade, Possibly Entering a Consolidation Period Due to Seasonal Disturbances [Copy]
