BTC UPDATE- đ
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August has historically been one of BTC's more unpredictable months. The median return sits at negative 6.99% even though the average is slightly positive, meaning when August turns red, it tends to turn red hard (2022 at negative 13.88%, 2018 at negative 9.27%, 2015 at negative 18.67%).
This doesn't mean August is guaranteed to dump, but the historical pattern favors caution in the back half of the month specifically. Worth having your risk management tight here regardless of your current bias.
#BTC #Erinacrypto $BTC
$HEI
$HFT
âââââââ
August has historically been one of BTC's more unpredictable months. The median return sits at negative 6.99% even though the average is slightly positive, meaning when August turns red, it tends to turn red hard (2022 at negative 13.88%, 2018 at negative 9.27%, 2015 at negative 18.67%).
This doesn't mean August is guaranteed to dump, but the historical pattern favors caution in the back half of the month specifically. Worth having your risk management tight here regardless of your current bias.
#BTC #Erinacrypto $BTC
$HEI
$HFT