Don't rush in! The big pie in June has never been your shortcut to fortune.
Matrixport's chart today reminds everyone: the big pie in June has always been unreliable.
Historical data shows that this month not only has high volatility, but also sees gains and losses roughly equal, with an average increase of only 1.9%. In other words—it's all about luck; the taste of gambling is too strong.
Last year was a living example:
June started with -7.1%, July had a weak rebound of 3.1%, and then August dropped again by -8.7%. A rebound is not a bottom; it’s a slap for the slow-to-react bottom fishers.
Matrixport already adjusted its strategy to a conservative mode last week, and the current weekly trend indeed aligns with the prediction: muted volume, increased volatility, and unclear market direction, typical of June's 'tranquil temperament'.
