According to TechFlow, Greeks.live analyst Adam said that the macro events this week were of average importance, and market sentiment has improved as the German and American governments stopped selling cryptocurrencies. The U.S. Securities and Exchange Commission (SEC) is expected to respond to the ETH ETF this week, but market enthusiasm has clearly declined.
This week's highlights include:
On Monday, July 15, US President Biden delivered a national televised address;
On Tuesday, July 16, the monthly rate of U.S. retail sales for June was released;
On Wednesday, July 17, several Federal Reserve Board members gave speeches;
On Thursday, July 18, the ECB will make a decision on its main refinancing rate, the US will announce the number of initial jobless claims for the week, and the Federal Reserve will release the Beige Book on economic conditions;
On Friday, July 19, several FOMC voting members delivered speeches.
It pointed out that the cryptocurrency market has rebounded significantly, with both BTC and ETH recovering as the German government halted the sell-off. Stimulated by the rebound and Trump's assassination, the implied volatility (IV) rebounded significantly in the short term, which is a good time to open a sell order. The Bitfinex interest rate market is relatively calm, but you can actively close transactions when you encounter suitable interest rate orders.
