According to ChainCatcher, Greeks.live researcher Adam posted on social media that last week's macro data did not have much impact. The Federal Reserve will hold a rate meeting next Thursday, and a 25 basis point rate cut will once again become the main point of view. The cryptocurrency market is very weak. BTC has fallen by nearly 10% since September. Now market confidence is weak and the market is in an oversold state.
This week's major events:
On Tuesday, September 10, Apple held a new product launch event;
Wednesday, September 11, US August CPI, US presidential candidates Harris and Trump debate on ABC News;
Thursday, September 12: U.S. weekly jobless claims and the European Central Bank’s interest rate decision;
On Friday, September 13, the University of Michigan Consumer Confidence Index for September was released.
Crypto market outlook: The market is very weak, investor confidence is seriously insufficient, all major IVs have rebounded, and the rebound of short- and medium-term IVs is more obvious. Option trading focuses on the Federal Reserve's interest rate meeting next week. Currently, short- and medium-term IVs are still at a low level this year, and it is very cost-effective to build a bearish ratio spread in accordance with the view.