TechFlow news, Greeks.live analyst Adam said that the significance of macro events this week is generally moderate. With the German and U.S. governments ceasing their sales of cryptocurrencies, market sentiment has improved somewhat. The U.S. Securities and Exchange Commission (SEC) is expected to respond regarding ETH ETFs this week, although market enthusiasm has clearly diminished.
Key events this week include:
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7/15 Monday: U.S. President Biden delivers a national televised address;
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7/16 Tuesday: Release of U.S. June retail sales month-on-month data;
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7/17 Wednesday: Speeches by several Federal Reserve board members;
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7/18 Thursday: European Central Bank's main refinancing rate decision, release of U.S. weekly initial jobless claims, and the Federal Reserve's Beige Book on economic conditions;
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7/19 Friday: Speeches by several FOMC voting members.
He noted that due to Germany halting its cryptocurrency sales, the crypto market has seen a significant rebound, with both BTC and ETH recovering. Driven by the rebound and the attempted assassination of Trump, short-term implied volatility (IV) has risen noticeably, making it suitable to opportunistically establish put option positions. The Bitfinex interest rate market remains relatively calm, but traders should actively execute trades when favorable rate orders appear.
