Greeks.live: The market is in an oversold state, and a 25 basis point interest rate cut has become the mainstream view

BlockBeats news, on September 9, Greeks.live researcher Adam posted on social media that last week's macro data did not bring much impact. The Federal Reserve's interest rate meeting will be held next Thursday, and a 25 basis point interest rate cut will once again become the main point of view. The cryptocurrency market is very weak. BTC has fallen by nearly 10% since September. Now market confidence is weak and the market is in an oversold state.

This week's major events:
On Tuesday, September 10, Apple held a new product launch conference;
On Wednesday, September 11, the US August CPI, and US presidential candidates Harris and Trump debated on ABC News;
On Thursday, September 12, the number of initial jobless claims in the United States that week, and the European Central Bank announced its interest rate decision;
On Friday, September 13, the US University of Michigan Consumer Confidence Index in September.

Crypto market outlook: The market is very weak, and investor confidence is seriously insufficient. All major IVs have rebounded, and the rebound of medium- and short-term IVs is more obvious. Option trading focuses on the Federal Reserve's interest rate meeting next week. At present, the medium- and short-term IVs are still at a low level this year. It is very cost-effective to build a bearish proportional spread in accordance with the view. In the crypto interest rate market, there have been many high-interest rate orders in the Bitfinex interest rate market recently. If you encounter a suitable interest rate order, you can actively trade it, especially when there is a market, it is worth paying special attention.