Bitcoin Investment Essentials(10/28-11/3)A Sneak Peek at This Week's Big Events (10/28-11/3)
This week is a big macro week, Friday's non-farm payrolls and unemployment data is worth paying attention to, the last important economic data before the election, the Fed officials almost no speech arrangements this week.
The election is gradually approaching, the market's attention to this election is lower than expected, but the election is still very uncertain, the election cycle rights of the IV is still relatively firm.
🌟 Heavyweight events this week:
10/30 Wed.
💼 US October ADP Employment (20:15)
💼 US Q3 Real GDP Preliminary Annualised Quarterly Rate (20:30)
🌟 Binance Blockchain Week
10/31 Thursday
💼 Bank of Japan releases interest rate resolution and outlook report
🌟 US core PCE price index for September (20:30)
💼 US initial jobless claims for the week (20:30)
11/1 Friday
🌟 US Unemployment Rate for October (20:30)
🌟 US Non-Farm Payrolls for October (20:30)
💼 US October ISM Manufacturing PMI (22:00)
💼 Apple reports earnings
📌 Crypto Market Outlook:
The crypto market had a poor week, with BTC failing once again to hit new highs, and other coins falling even more sharply, as the US election seems to have failed to bring more to the crypto market. Bitcoin's short and medium term IVs are currently at low levels, generally below 40%, but with IVs elevated to 60% for election week, the election is the only trading opportunity in the near future.
📌 In terms of the crypto rate market, the Bitfinex rate market has been relatively flat lately, with occasional 20% high interest orders, and it is worthwhile to trade aggressively when you come across the right rate orders, especially when there is a market to pay special attention to.