Every May during the Bitcoin Pizza Festival, in addition to commemorating the legendary event of '10,000 BTC for two pizzas', it has also become a small emotional turning point in the crypto world~🍕
I recently secretly backtested the price trends during this period in previous years and found that in many years, there were 'thumping' fluctuations in the week before the festival. Some friends choose to position early, while others take the opportunity for a bit of arbitrage.
But does this 'holiday effect' really work every year?🧐
The answer is: Well... sometimes it works, but you can't rely on it completely~
After all, prices still depend on overall market sentiment, as well as the moods of those 'big players' in the macroeconomy~
So if you also want to test the waters during the Pizza Festival, it's still recommended to consider both the fundamentals and technicals together, so you won't get 'taught a lesson by the market'😉