BTC Beginning of the Month Downward Volatility
2024-10-02

BYBIT:BTCUSDT  

Seems we typically experience some downward volatility in the first week of each month since June. 

I certainly have noticed a trend: July 4/5 bottom, Aug 5 bottom, Sep 6 bottom.

Let's see what the rest of the week has in store for us. 

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Using the 50 period on the 12H for the ROC it seems we could be near a local top which has shown some tops/ bottoms in the past during this range. 

The blue boxes represent the beginning week of the months. 

YOY global liquidity is on the rise due to China easing significantly. 