BTC It’s that time again. Tomorrow is monthly open, and over the past 6 months we’ve seen a very similar pattern play out. 5 out of 6 times, the new month opened with a pump before weakness eventually set in, pushing price lower towards the end of the month. June was the only exception, where we saw downside right from the beginning and throughout the entire month. This time around, I could once again imagine a pump to start the new month, with price sweeping the pmH before reversing and giving us the larger pullback I’m anticipating. That way, price could also clear out the large amounts of liquidity that have built up on both sides. That said, if September opens with a pump, I believe that strength is likely to be temporary and turn into a fake expansion higher rather than a sustained breakout.(Max Trades)