Matrixport analysis pointed out that a month ago, based on seasonal analysis against the trend, Bitcoin was predicted to rise to $116000, and this judgment has been validated by the market.
The current market sentiment is gradually turning optimistic, and this week will see multiple key events such as intensive disclosure of US stock financial reports, delayed release of White House digital asset reports, and Federal Reserve interest rate decisions, which may become new catalysts to drive market volatility. However, based on historical data, August and September are usually the months when Bitcoin's performance is weaker, with an average return rate close to zero in August over the past decade, and only three years recording gains. Analysis suggests that many traders tend to lock in returns at this stage, although bullish expectations for the year remain, the short-term market may enter a tactical consolidation period due to seasonal disturbances.
