Greeks.live: If this week's macroeconomic data continues to give the market confidence in interest rate hikes, the rebound will continue

Adam, a macro analyst at Greeks.live, posted on the X platform that after a week of adjustment, the market has recovered from the blow of Japan's central bank raising interest rates. The dovish remarks by the Bank of Japan recently have also given confidence to the market. Despite constant bearish news in the market, sentiment this week is relatively optimistic. This week's macro focus has returned to U.S. economic data with rising probabilities for a rate hike in September which also gives some confidence to the market. If this week's data further bolsters confidence in rate hikes, rebounds will continue.

Crypto Market Outlook: After a week of panic release, most of the market confidence has been restored so major term IVs have fallen compared to last week and currently remain at high levels with significant downward pressure still expected this week. The cryptocurrency market continues its wide-ranging fluctuation trend since March with ETH being rather sluggish and experiencing significant exchange rate drops. Choosing an appropriate IV can be used to purchase short-term call options and constructing reverse calendar spreads is also a good choice.