Greeks.live: There is still downward pressure this week, and the Jackson Hole Global Central Bank Annual Meeting will open on Thursday.
Powered by ChatGPTDeep Tide TechFlow News, Greeks.live analyst Adam released a preview of the heavyweight events that Bitcoin investors need to pay attention to this week (August 19th to 25th). The most important macro event this week is the start of the Jackson Hole Global Central Bank Annual Meeting on Thursday.
News related to the Japanese yen rate hike and the US dollar rate cut is receiving much attention, as the Bank of Japan and the Federal Reserve will deliver important speeches that will impact the direction of the entire capital market. Several important monetary policy meeting minutes will also be released this week. Here are the key points for each day:
On Tuesday (August 20th), the Reserve Bank of Australia will release the minutes of the August monetary policy meeting, and Swiss National Bank President Jordan will deliver a speech.
On Wednesday (August 21st), 2024 FOMC voter and Atlanta Fed President Bostic will deliver a speech.
Thursday (August 22nd) is the busiest day of the week, with the US releasing initial jobless claims for the week, the Federal Reserve and the European Central Bank releasing the minutes of their monetary policy meetings, and the opening of the Jackson Hole Global Central Bank Annual Meeting on the same day.
On Friday (August 23rd), Bank of Japan Governor Ueda and Finance Minister Suzuki will attend a parliamentary hearing, while Federal Reserve Chairman Powell and Bank of England Governor Bailey will deliver speeches at the Jackson Hole Annual Meeting.
Adam stated that the cryptocurrency market trend remains weak, but the risk of a sharp decline has been alleviated, and market confidence has somewhat recovered. The implied volatility of major tenors continues to decline, with IV currently at a moderate level, still facing downward pressure this week. The cryptocurrency market maintains its volatile trend since March, with Ethereum's performance still lackluster. Adam suggests that investors consider buying short-term options at appropriate implied volatility levels to play the