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Analyst: Market Volatility to Increase as U.S. Election Week Approaches

Analyst: Market Volatility to Increase as U.S. Election Week Approaches

Bitget2024/11/03 16:41

Bitget news, Greeks.live analyst Adam said in an article, Bitcoin investment must, this week's heavy events first look (11/4-11/10) This week is the U.S. election week, now the U.S. election uncertainty is very high, nearly a month since Trump's voice is very high, but the election process Harris's win rate is gradually rising, the U.S. election has a major market for the entire The U.S. election has a major impact on the entire market, and with the interest rate meeting on Friday, the cryptocurrency market is currently dominated by wait-and-see risk aversion. Option Flat IV has risen to 80% this week, and all of this month's option IVs are significantly higher than forward options, so the next few days could be big.
 Heavyweight events this week: 
11/5 Tuesday 
Reserve of Australia announces interest rate resolution and monetary policy statement (11:30) 
U.S. holds 2024 presidential election 
11/6 Wednesday 
Bank of Canada releases minutes of its monetary policy meeting (02:30) 
US Treasury announces debt issuance program for the new quarter (21:30) 
11/7 Thursday 
Bank of England announces interest rate resolution and minutes (20:00) 
US initial jobless claims for the week (20:30) 
11/8 Friday 
Fed announces interest rate resolution (03:00) 
Crypto Market Outlook: This week is the U.S. election week, the election is now anxious, who can win is not yet known, and Friday's interest rate meeting, the market is generally believed to be a rate cut of 25 basis points, this week's option parity IV has risen to 80%, cryptocurrencies risk aversion is obvious. With Bitcoin's short-term term IV currently at high levels, it would be interesting to get in on a little election gaming this week. 
As for the crypto interest rate market, the Bitfinex interest rate market has been relatively flat lately, with occasional 20% high-interest orders, and it is worth paying special attention to encountering suitable interest rate orders that can be actively traded, especially when there is a market.

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Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

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