📢【Latest developments in the crypto market: The Fed’s interest rate meeting is imminent, and market confidence is low】

Hello everyone! Today we are going to talk about the latest developments in the cryptocurrency market. Recently, Adam, a researcher at Greeks.live, has made some interesting comments on social media. Last week’s macro data did not seem to have much impact on the market, but the upcoming Fed’s interest rate meeting next Thursday has become the focus of the market. A 25 basis point interest rate cut has once again become the main point of view, and everyone is waiting and watching.

First, let’s take a look at the performance of Bitcoin (BTC). Since September, BTC has fallen by nearly 10%, and market confidence is obviously insufficient. Many investors believe that the market is currently in an oversold state, and everyone is not in a good mood.

Next, let’s take a look at the major events this week. On Tuesday, September 10, Apple will hold a new product launch conference; on Wednesday, September 11, the United States will release the August CPI data, and the US presidential candidates Harris and Trump will debate on ABC News; on Thursday, September 12, the United States will release the number of initial jobless claims for the week, and the European Central Bank will also announce the interest rate decision; on Friday, September 13, the United States will release the September University of Michigan Consumer Confidence Index. These events may have a certain impact on the market, so you can pay more attention to them.

Let's take a look at the outlook for the crypto market. The current market is very weak and investor confidence is seriously insufficient. The implied volatility (IV) of all major maturities has rebounded, especially the rebound in the medium and short term is more obvious. The focus of option trading is on the Federal Reserve's interest rate meeting next week. At present, the medium and short-term IV is still at a low level this year. It is very cost-effective to build a bearish ratio spread with the viewpoint.

Finally, regarding the crypto interest rate market, Bitfinex has recently seen a lot of high-interest rate orders. If you encounter a suitable interest rate order, you can actively trade it, especially when there is a market, it is worth paying special attention to.

In general, the cryptocurrency market is currently in a relatively depressed state, but it is also at this time that there may be some investment opportunities. You can adjust your investment strategy in time according to your risk tolerance.

Welcome everyone to share your views and opinions in the comment area!What impact do you think the Fed’s interest rate meeting will have on the crypto market? Let’s discuss it together! 📈