TechFlow News, macro researcher Adam from Greeks.live posted on X platform about this week's major events and market outlook.
The key focus this week is Friday's core PCE data. Last week Powell’s speech reaffirmed rate cut expectations; if Friday’s data isn't too extreme, there will be no immediate bearish impact from the Fed's interest rate policy on crypto markets. The overall weekend rebound in crypto further confirms market optimism, suggesting the recent BTC pullback from 73,000 to 61,000 has likely entered its final phase.
Crypto Market Outlook:
Bitcoin and the broader cryptocurrency market experienced a deep correction over the past week, but with the Fed turning dovish, cryptocurrencies led by Bitcoin have rebounded. Currently, BTC is hovering around 66,500, reducing further downside risk. Dvol has further declined to 72.5, and as expiry approaches, Dvol is likely to fall even more.
In the crypto yield market, Bitfinex spot whales are increasing leverage, and greenleaf yield markets are becoming active again.
Major Events This Week:
3/25 Monday
No significant events scheduled; markets may react to news and data from last weekend.
3/26 Tuesday
U.S. Consumer Confidence Index release
3/27 Wednesday
Germany IFO Business Climate Index
3/28 Thursday
U.S. GDP Revision
U.S. Initial Jobless Claims
3/29 Friday
U.S. February Core PCE Price Index YoY
