Will there be a good market this month?
It is said that September is the golden month and October is the silver month. What else can we say?
1. Market expectations
Many people believe that the digital currency market may usher in a wave of rising prices in September and October. This expectation is mainly based on the following reasons:
1. The influence of traditional financial markets: In traditional financial fields such as stocks and futures, "September and October" are usually regarded as the peak season for consumption and a period of relatively active economic activities. Some investors believe that this trend may be transmitted to the digital currency market, bringing capital inflows and price increases.
2. Industry development rhythm: After a period of adjustment and accumulation, some projects may launch major updates, cooperation or good news during this period, thereby stimulating market sentiment and driving up prices.
2. Investment psychology
1. Seasonal investment psychology: Investors have formed psychological expectations for specific time periods in their long-term market observations. The saying of "September and October" has affected investors' decisions to a certain extent, making them more actively participate in the market during this period and increasing the activity of the market.
2. Bandwagon effect: When some investors believe that the “Golden September and Silver October” will bring opportunities, others may follow suit, further amplifying market volatility and expectations.