Bitcoin Investing Essentials, A Sneak Peek at This Week's Biggest Events (8/19-8/25)
This week is the most important macro week, with the annual Jackson Hole global central bank meeting starting this Thursday. The news related to the yen rate hike and the dollar rate cut is the most attention-grabbing, and both the Bank of Japan and the Federal Reserve will make important speeches, which will affect the direction of the entire capital market. At the same time, there are also several important monetary policy meeting minutes published this week, in conjunction with the central bank's annual meeting, the probability of a Fed rate cut in September will be the best macro-observation indicator, which is worth the market's continued attention.
🌟 Heavyweight events this week:
8/20 Tuesday 💼 The Australian Federal Reserve releases the minutes of its August monetary policy meeting 💼 Swiss central bank governor Jordan speaks
8/21 Wednesday 💼 2024 FOMC Voter and Atlanta Fed President Bostic speaks
8/22 Thursday 💼 U.S. initial jobless claims for the week 💼 Fed releases minutes of its monetary policy meeting 💼 ECB publishes minutes of July monetary policy meeting 💼 Jackson Hole Annual Meeting of Global Central Banks takes place
8/23 Friday 💼 BOJ Governor Kazuo Ueda and Japan's Finance Minister Shunichi Suzuki attend a parliamentary hearing 💼 Fed Chair Powell speaks on the economic outlook at the annual meeting in Jackson Hole 💼 Bank of England Governor Tony Blair speaks at the Jackson Hole Annual Meeting
📌 Crypto Market Outlook: Market action remains weak, but the risk of a crash has lifted and market confidence has been restored as IVs continue to fall across the major maturities. IV is currently at relatively moderate levels and remains under downward pressure this week, with the probability that short- and medium-term IV will fall another notch after this week's annual central bank meeting, regardless of the outcome. The cryptocurrency market is still maintaining the broad-based oscillator trend that has developed since March, with ETH remaining subdued. Timing to choose the right IV can buy short-term options, the current short-term IV is relatively low, you can game the annual meeting of the central bank, sell the news.
📌 crypto interest rate market, Bitfinex interest rate market is relatively calm, encountering the right interest rate orders can be actively transacted, especially when there is a market worthy of special attention.
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