According to TechFlow, Greeks.live macro researcher Adam posted on the X platform that this week is a big macro week, with the most important being the US unemployment rate and non-farm data on Friday. The SEC is likely to respond to the ETH ETF this week. Although it is unlikely to be directly approved, there is a high probability of good news. The quarterly delivery has just ended, and the IV of each major term is very low, which is a good opportunity to build a position.
This week's major events:
7/1 Monday: US June ISM manufacturing PMI;
Tuesday, July 2: Federal Reserve Chairman Powell, ECB President Lagarde and Brazilian Central Bank President Neto spoke at the Central Bank Forum held by the ECB. The Reserve Bank of Australia released the minutes of its June monetary policy meeting;
Wednesday, July 3: U.S. ADP employment data for June and initial jobless claims for the week;
July 4 Thursday: The Federal Reserve releases the minutes of its monetary policy meeting, the UK holds a general election, the European Central Bank releases the minutes of its June monetary policy meeting, and the US SEC may approve the Ethereum spot ETF as early as today;
7/5 Friday: U.S. unemployment rate in June, U.S. non-farm payrolls in June;
The cryptocurrency market has experienced a difficult month. Since the mid-March of this year, BTC and ETH have been fluctuating and falling most of the time, and the crypto market is relatively sluggish. At present, the overall IV is at a low level. The margin released by the quarterly delivery will gradually return to the market. Choose a low IV to open a position and buy. In the crypto interest rate market, the Bitfinex interest rate market is relatively quiet, with occasional good interest rate orders. If you encounter a suitable interest rate order, you can actively trade it.