Greeks_live

๐ŸŒ This Week's Market Outlook (1/29-2/4)

Long
BITSTAMP:BTCUSD   Bitcoin
This week is a big macro week with many macroeconomic data releases centered on the Fed rate decision. However, overall expectations are consistent and the macro data is less correlated with crypto sentiment, with low IV's and little volatility expected from major terms at this time. the impact of the BTC spot ETF is over, and the impact of the grayscale selloff on the market has significantly waned, as investors look for the next hot spot.

Wednesday 1/31 *
๐Ÿ’ผ US ADP Employment for January
๐Ÿ’ผ BOJ publishes summary of reviewers' comments from March monetary policy meeting

2/1 Thursday ***
๐Ÿ’ผ Fed interest rate decision
๐Ÿ’ผBank of England interest rate decision
๐Ÿ’ผ US initial jobless claims for the week

2/2 Friday **
๐Ÿ’ผ U.S. unemployment rate for January
๐Ÿ’ผ US non-farm payrolls for January
๐Ÿ’ผ U.S. January final University of Michigan consumer confidence index

๐Ÿ“Œ The volatility brought to the market by the BTC spot ETF has subsided and with major term option IV's at extremely low levels, now below 50% across all terms, it is now very cost effective to buy. The market is currently in a post-panic rally and the odds of buying low for short-term calls are high.

๐Ÿ“Œ In the crypto interest rate market, as the market returns to calm and leverage levels begin to creep back up, the interest rate market has bounced back from the low water mark and some high interest orders have begun to show up recently, those with a lot of spare cash will want to take advantage of the opportunity to get back into the lending market.

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