Max Trades|Jul 06, 2026 20:41
BTC
We're once again seeing a pump right after the monthly open.
Over the past 11 months, this has has been the case a total of eight times.
What's interesting is that every single time this happened, price eventually reversed and showed weakness throughout the rest of the month.
However, July has consistently been one of the strongest months during bear markets, so we could be looking at an exception here.
Especially now that June has broken the pattern by not reversing its initial move from the start of the month, a follow-up month with mostly upside could very well be possible.
We'll have to see how price action develops over the next few days, but I believe another bullish July is likely.(Max Trades)
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