Matrixport: June is usually one of the months with relatively flat performance and high volatility for Bitcoin, so be cautious

Odaily News Matrixport released a chart today saying that historical data shows that June is usually one of the months with relatively flat performance and high volatility for Bitcoin, with an average return of only 1.9% and a 50% probability of rising. In contrast, October, as the month with the strongest seasonal performance of Bitcoin, has a more prominent advantage.
Last year’s market trends provide an important reference: Bitcoin fell 7.1% in June, and despite a small rebound of 3.1% in July, it subsequently fell again by 8.7% in August.
Based on the weakening of seasonal momentum, we have adjusted our trading strategy to be more cautious last week. The current data and market performance are consistent with this judgment.