Greeks.live: The market is in an oversold state, and a 25 basis point interest rate cut has become the mainstream view
BlockBeats News: On September 9th, Adam, a researcher at Greeks.live, posted on social media that last week's macroeconomic data did not have much impact, and next Thursday will be the Federal Reserve's interest rate meeting, with a 25 basis point cut once again becoming the main viewpoint. The cryptocurrency market is very weak, with BTC falling nearly 10% since September. Currently, market confidence is weak and the market is in an oversold state. This week's major events: On Tuesday, September 10th, Apple held a new product launch event; On Wednesday, September 11th, the August CPI in the United States was debated by presidential candidates Harris and Trump on ABC News; On Thursday, September 12th, the number of initial jobless claims in the United States for the week was announced, and the European Central Bank released its interest rate decision; On Friday, September 13th, the University of Michigan Consumer Confidence Index for September in the United States. Outlook for the crypto market: The market is weak and investor confidence is severely lacking. All major maturity IV have rebounded, with a more pronounced rebound in the short to medium term IV. Options trading is focused on next week's Federal Reserve interest rate meeting. At present, the short-term IV is still at a low level within the year, and it is cost-effective to construct a bearish ratio spread at the right time in conjunction with the viewpoint. In terms of the cryptocurrency interest rate market, there have been many high interest rate orders in the Bitfinex interest rate market recently. When encountering suitable interest rate orders, one can actively complete them, especially when there is a market trend that deserves special attention.