According to TechFlow, Greeks.live macro researcher Adam released the key events and outlook for the crypto market this week (August 12-18). After last week's adjustment, the market has recovered from the impact of the Bank of Japan's interest rate hike, and the overall sentiment is optimistic. This week, the focus will return to US economic data, and the probability of a rate hike in September continues to rise. Adam pointed out that if this week's economic data further supports expectations of a rate hike, the market rebound may continue.
Major events include:
August 13: Trump was interviewed by Musk, and the US PPI for July was released;
August 14: US July CPI released, New Zealand Reserve Bank interest rate decision;
August 15: U.S. initial jobless claims and July retail sales data, speech by FOMC voting member Moussallem;
August 16: FOMC voting member Barkin participated in a fireside chat, and the US Democratic Party launched the "Crypto for Harris" campaign;
Market Outlook:
Panic in the crypto market has been released, and confidence is gradually restored;
Option implied volatility (IV) is high, but there is downward pressure;
The cryptocurrency market maintained a wide range of fluctuations, and ETH performed relatively poorly;
It is recommended to focus on short-term call options and inverse calendar spread strategies;
The Bitfinex interest rate market may present good trading opportunities, especially during market volatility;