Greeks.live macro researcher Adam released this week’s major events and market trend outlook on the X platform.
This week we will mainly focus on Friday’s core PCE data. Last week, Powell’s speech reiterated expectations for an interest rate cut. If this Friday’s data is not too outrageous, the Fed’s interest rate policy will not be negative for the currency market for the time being. The overall rebound in the currency market over the weekend also confirms the market’s optimism. This BTC 73,000-61,000 correction has most likely come to an end.
Crypto market outlook:
Bitcoin and the entire cryptocurrency market have experienced a deep correction in the past week. However, as the Federal Reserve released doves, cryptocurrencies led by Bitcoin rebounded as a whole. BTC is currently around 66,500, and the risk of further decline is reduced. Dvol has also With a further dip to 72.5, Dvol is likely to fall further as the delivery date approaches.
In terms of the crypto interest rate market, major Bitfinex spot investors are increasing leverage, and the Greenleaf interest rate market has become active again.
Major events this week:
There are no particularly major events on Monday on 3/25Â
. The market may react to the news and data from last weekend.
3/26 On Tuesday,Â
the U.S. consumer confidence index was released
on 3/27. On Wednesday,Â
the German IFO business climate index was released
on 3/28. On Thursday,Â
the revised value of the U.S. GDP was released.
The number of initial jobless claims in the U.S. was released
on 3/29. On Friday,Â
the annual rate of the U.S. core PCE price index in February was released.
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