BitcoinShort
Bitcoin Investing Essentials (7/8-7/14)
This week is not a macro week, and the current action of the German and U.S. governments to sell off cryptocurrencies has had an impact on the market that has overridden other factors. It is difficult for the market to improve effectively when the sell-off doesn't stop, so we need to keep a close eye on the German and U.S. government's moves this week.
On the crypto, the SEC delayed its response to the ETH ETF, which will begin trading as soon as next week, and favorable news is probable this week.
🌟 Heavyweight events this week:
7/8 Monday *
SEC has returned Form S-1 to Ether ETF issuers, requiring resubmission by July 8
7/9 Tuesday *
💼 Fed Chair Powell delivers semi-annual monetary policy testimony before the Senate Banking Committee
7/10 Wednesday *
💼 New Zealand Fed announces interest rate resolution and monetary policy assessment report
7/11 Thursday ***
💼 US CPI for June
💼 US initial jobless claims for the week
7/12 Friday *
💼US June PPI
📌 Crypto Market Outlook:
The crypto market is experiencing the worst July ever, with the crypto market being more subdued as BTC and ETH declines began to accelerate under intense pressure from the German and US government sell-offs. Overall IV levels are now rebounding significantly, timing the higher IV selection is ready to build sell orders, and the massive amount of money from quarterly deliveries could slam IV back down at any time.
📌 crypto interest rate market, the Bitfinex interest rate market is relatively quiet, occasionally there are good interest rate orders, encountering the right interest rate orders can be actively traded.
On the crypto, the SEC delayed its response to the ETH ETF, which will begin trading as soon as next week, and favorable news is probable this week.
🌟 Heavyweight events this week:
7/8 Monday *
SEC has returned Form S-1 to Ether ETF issuers, requiring resubmission by July 8
7/9 Tuesday *
💼 Fed Chair Powell delivers semi-annual monetary policy testimony before the Senate Banking Committee
7/10 Wednesday *
💼 New Zealand Fed announces interest rate resolution and monetary policy assessment report
7/11 Thursday ***
💼 US CPI for June
💼 US initial jobless claims for the week
7/12 Friday *
💼US June PPI
📌 Crypto Market Outlook:
The crypto market is experiencing the worst July ever, with the crypto market being more subdued as BTC and ETH declines began to accelerate under intense pressure from the German and US government sell-offs. Overall IV levels are now rebounding significantly, timing the higher IV selection is ready to build sell orders, and the massive amount of money from quarterly deliveries could slam IV back down at any time.
📌 crypto interest rate market, the Bitfinex interest rate market is relatively quiet, occasionally there are good interest rate orders, encountering the right interest rate orders can be actively traded.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.