TechFlow news, Greeks.live analyst Adam released a preview of key events for Bitcoin investors to watch this week (August 19–25). The most important macro event this week is the Jackson Hole Global Central Bank Symposium, starting on Thursday.
Market attention remains focused on potential yen rate hikes and dollar rate cuts, with major speeches expected from the Bank of Japan and the Federal Reserve that could influence the direction of global capital markets. Several crucial monetary policy meeting minutes will also be released this week. Below are the daily highlights:
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Tuesday (August 20): The Reserve Bank of Australia will release its August monetary policy meeting minutes, and Swiss National Bank Chairman Jordan will deliver a speech.
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Wednesday (August 21): 2024 FOMC voter and Atlanta Fed President Bostic will speak.
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Thursday (August 22) will be the busiest day of the week: U.S. weekly initial jobless claims will be published, the Federal Reserve and European Central Bank will release their monetary policy meeting minutes, and the Jackson Hole Global Central Bank Symposium will officially open.
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Friday (August 23): Bank of Japan Governor Ueda and Finance Minister Suzuki will attend a parliamentary hearing; Federal Reserve Chair Powell and Bank of England Governor Bailey will deliver speeches at the Jackson Hole symposium.
Adam noted that the crypto market remains weak, but the risk of a sharp decline has subsided and market confidence has somewhat recovered. Implied volatility across major maturities continues to decline, with current IV at moderate levels, though downward pressure persists. The cryptocurrency market continues its wide-ranging consolidation pattern since March, with Ethereum remaining particularly sluggish. Adam suggests investors may consider buying short-term options at appropriate implied volatility levels to position for a "sell the news" effect following the central bank symposium.
