The turmoil in August is gradually subsiding, and the turnaround in September? Beware of the "historical curse" in September, and beware of the highs and falls! September, a month shrouded in the haze of history, is known as the "worst month in the market". Looking back, it seems that it always loves to use a cold attitude, especially to those copycat currencies, and imposes a heavy blow of plummeting, making market confidence shaky. The most thrilling memory is the big collapse of bulls in September 2019, when billions of funds collapsed like dominoes, and the price abyss was shocking. Looking closely at the market context, it is not difficult to find that the first half of the year is often full of spring, and the market is flourishing; while in the second half of the year, especially September, it is like the bleak autumn wind, and the chill is pressing. The driving force behind this is the weather vane of the Federal Reserve's monetary policy. At the beginning of the year, liquidity warmed the market like spring water. As the sensitive nerve of global liquidity, BTC naturally danced with the wind and rose like a rainbow. However, as the Federal Reserve gradually tightens monetary policy in the second half of the year and hot money recedes, the market is inevitably hit by a cold wave.
Recently, the altcoin market seems to have ushered in a hint of spring, with a full recovery, which warms people's hearts. But in the face of this gentle trap, we need to keep a clear head and be alert to the high-chasing frenzy that may come back in September. History will not repeat itself simply, but it will always be staged in some form. Don't be blinded by the temporary prosperity, so as not to leave the market at the high point.
Therefore, facing the upcoming September, we should tread on thin ice and move forward cautiously. While enjoying the short-term joy brought by the market recovery, we must always be prepared to deal with possible challenges and risks. Only in this way can we win the game in the stormy waves of the market and laugh to the end.
