Bitcoin Investing Essentials, A Sneak Peek Big Events (4/1-4/7)
This week's main focus is on Friday's unemployment data, and there are multiple Fomc vote committee speeches this week that are equally noteworthy. Powell's recent speech has reiterated the expectation of a rate cut, but the high interest rate market will continue. The market is currently battling fiercely at $70,000, and the market lacks hot spots and traders are generally on the sidelines.
🌟 Heavyweight Events of the Week:
4/2 Tuesday *
💼 The Australian Federal Reserve releases minutes from its March monetary policy meeting
4/3 Wednesday *
💼 U.S. Federal Reserve releases minutes of March monetary policy meeting
💼 US ADP Employment for March
4/4 Thursday *
💼 ECB publishes minutes of March monetary policy meeting
💼 US initial jobless claims
4/5 Friday ***
💼 U.S. non-farm payrolls for March quarterly adjustment
💼 US Unemployment Rate for March
📌 Crypto Market Outlook:
Bitcoin volatility has weakened considerably over the past week while the largest quarterly delivery in history has released a significant amount of margin, but major term IVs have not declined significantly, and Dvol remains high.Dvol is under more downward pressure, and major term IVs, led by short- and intermediate-term options IVs, are likely to decline gradually.
📌 On the crypto rates market, Bitfinex spot majors are continuing to increase leverage, the Bitfinex rates market is back active, and those who have spare funds in the near future can start to increase their lending in the Bitfinex.
🌟 Heavyweight Events of the Week:
4/2 Tuesday *
💼 The Australian Federal Reserve releases minutes from its March monetary policy meeting
4/3 Wednesday *
💼 U.S. Federal Reserve releases minutes of March monetary policy meeting
💼 US ADP Employment for March
4/4 Thursday *
💼 ECB publishes minutes of March monetary policy meeting
💼 US initial jobless claims
4/5 Friday ***
💼 U.S. non-farm payrolls for March quarterly adjustment
💼 US Unemployment Rate for March
📌 Crypto Market Outlook:
Bitcoin volatility has weakened considerably over the past week while the largest quarterly delivery in history has released a significant amount of margin, but major term IVs have not declined significantly, and Dvol remains high.Dvol is under more downward pressure, and major term IVs, led by short- and intermediate-term options IVs, are likely to decline gradually.
📌 On the crypto rates market, Bitfinex spot majors are continuing to increase leverage, the Bitfinex rates market is back active, and those who have spare funds in the near future can start to increase their lending in the Bitfinex.