The crypto market has cooled, $90,000 has become an important point of contention, US stocks represented by Tesla NVIDIA have underperformed, and the crypto market winds have shifted to Meme, all signals pointing in a more dangerous direction, with the potential for significant volatility in both directions. Economic events and data are unimportant this week, macro markets are expected to be flat, and crypto and macro are less correlated.
🌟 Heavyweight events this week:
11/18 Mon. 💼 G20 summit takes place
11/19 Tuesday 💼 Reserve of Australia releases minutes of November monetary policy meeting (08:30)
11/21 Thursday 💼 US initial jobless claims for the week (21:30) 💼 EFMA International Finance Forum in Paris (13:00)
11/22 Friday 💼 Several key officials speak 💼 U.S. final University of Michigan consumer confidence index for November (23:00)
📌 Crypto Market Outlook: The crypto market enters a correction after a surging week, with the options market more stable and Block and market rates of interest. Major term IVs are currently at low levels, laying out some medium to long term is good value for money, historically the market is generally better in the fourth quarter, and now is still a good opportunity to buy.
📌 crypto interest rate market, Bitfinex interest rate market has been relatively stable recently, encountering the right interest rate orders can be actively traded, especially when there is a market worth special attention.