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Analysis: Over the past decade, Bitcoin has only seen price increases in August for three years, potentially entering a consolidation phase due to seasonal disturbances.
BlockBeats News, July 28th: Matrixport's analysis stated, "A month ago, based on contrarian seasonal analysis, we suggested that Bitcoin was expected to rise to $116,000, and now this prediction has been validated by the market. The current market sentiment is gradually turning optimistic, and this week will usher in a series of key events: intensive disclosure of U.S. stock earnings reports, delayed release of the White House's digital asset report, and the Federal Reserve interest rate decision, which may become a new round of catalysts 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. Although we still maintain 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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