BTC Since the start of August, BTC is up roughly 4%. This marks the 9th time over the past 12 months that we’ve seen a pump shortly after the monthly open. These moves have often acted as manipulation moves, with price showing weakness again once the initial push faded. That’s why I can imagine a scenario where BTC first sweeps the previous monthly high around $67K and clears the large liquidity cluster that has built up above. After that, we could see a larger rejection, with price starting to target the downside liquidity around $61k-$62k next. A sustained break and hold above the previous monthly high would invalidate this scenario and open the door for further upside.(Max Trades)