BlockBeats News, May 31st. In May, Bitcoin and Ethereum are likely to close with a bearish candle. As of the time of writing, Bitcoin is down 2.81% for the month, while Ethereum has dropped 9.98%.

Looking ahead to June, the crypto market remains bleak. On the one hand, the quadrennial World Cup will officially kick off on June 11th, further draining an already fragile market as attention and funds divert to the US stock market, AI, and the World Cup. During this time, the US stock market and Polymarket are expected to attract the majority of market capital and attention.

On the other hand, historical data shows that the average return for the crypto market in June is negative, with Bitcoin averaging -0.14% and Ethereum -6.85%.

In conclusion, it is challenging to anticipate a positive trend in the crypto market during June amidst the bearish cycle. Contrarian coins represented by HYPE, BNB, and ZEC may present localized opportunities.