Bitcoin Investing Essentials(7/29-8/4)
A Sneak Peek at This Week's Big Events (7/29-8/4)
This week is a big macro week, last week's bitcoin conference released the goodwill of the U.S. political community on crypto, this week's main news returns to the macro market —— the Bank of Japan and the Federal Reserve's interest rate resolution are very noteworthy, because despite the market's expectations of a more consistent, but once there is a news of exceeding the market's expectations are going to be the heavyweight bomb.
🌟 Heavyweight events this week:
7/31 Wednesday**
💼 US ADP Employment for July
💼 Bank of Japan announces rate resolution and outlook report
8/1 Thursday***
💼 US initial jobless claims for the week
💼Fed interest rate decision
💼Bank of England interest rate decision
💼 U.S. ISM Manufacturing PMI for July
8/2 Friday**
💼 U.S. July Unemployment Rate
💼 U.S. non-farm payrolls for July
📌 Crypto Market Outlook:
This week is very full of macro events, but market expectations are more consistent, so the IVs for all major terms are nowhere near the levels seen during last week's Bitcoin conference. The crypto market has formed a wide oscillatory trend since March, BTC has approached its all-time high, while ETH is more sluggish, the exchange rate has fallen sharply, ETH IV of all major terms is only slightly higher than BTC. Timing to choose the right IV, the traders can buy short-term options, especially short-term BTC call options are particularly cost-effective.
📌 crypto interest rate market, Bitfinex interest rate market is relatively quiet, occasionally good interest rate orders, encounter the right interest rate orders can be actively traded.
This week is a big macro week, last week's bitcoin conference released the goodwill of the U.S. political community on crypto, this week's main news returns to the macro market —— the Bank of Japan and the Federal Reserve's interest rate resolution are very noteworthy, because despite the market's expectations of a more consistent, but once there is a news of exceeding the market's expectations are going to be the heavyweight bomb.
🌟 Heavyweight events this week:
7/31 Wednesday**
💼 US ADP Employment for July
💼 Bank of Japan announces rate resolution and outlook report
8/1 Thursday***
💼 US initial jobless claims for the week
💼Fed interest rate decision
💼Bank of England interest rate decision
💼 U.S. ISM Manufacturing PMI for July
8/2 Friday**
💼 U.S. July Unemployment Rate
💼 U.S. non-farm payrolls for July
📌 Crypto Market Outlook:
This week is very full of macro events, but market expectations are more consistent, so the IVs for all major terms are nowhere near the levels seen during last week's Bitcoin conference. The crypto market has formed a wide oscillatory trend since March, BTC has approached its all-time high, while ETH is more sluggish, the exchange rate has fallen sharply, ETH IV of all major terms is only slightly higher than BTC. Timing to choose the right IV, the traders can buy short-term options, especially short-term BTC call options are particularly cost-effective.
📌 crypto interest rate market, Bitfinex interest rate market is relatively quiet, occasionally good interest rate orders, encounter the right interest rate orders can be actively traded.
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