Bitget App
Trade smarter
Buy cryptoMarketsTradeFuturesEarnWeb3SquareMore
Trade
Spot
Buy and sell crypto with ease
Margin
Amplify your capital and maximize fund efficiency
Onchain
Going Onchain, without going Onchain!
Convert
Zero fees, no slippage
Explore
Launchhub
Gain the edge early and start winning
Copy
Copy elite trader with one click
Bots
Simple, fast, and reliable AI trading bot
Trade
USDT-M Futures
Futures settled in USDT
USDC-M Futures
Futures settled in USDC
Coin-M Futures
Futures settled in cryptocurrencies
Explore
Futures guide
A beginner-to-advanced journey in futures trading
Futures promotions
Generous rewards await
Overview
A variety of products to grow your assets
Simple Earn
Deposit and withdraw anytime to earn flexible returns with zero risk
On-chain Earn
Earn profits daily without risking principal
Structured Earn
Robust financial innovation to navigate market swings
VIP and Wealth Management
Premium services for smart wealth management
Loans
Flexible borrowing with high fund security
Greeks.live: Various resolutions are favorable for the macro market, Bitcoin is expected to hit 110,000 US dollars this week

Greeks.live: Various resolutions are favorable for the macro market, Bitcoin is expected to hit 110,000 US dollars this week

Bitget2024/12/17 13:08

Adam, a macro analyst at Greeks.live, posted that this Thursday the Federal Reserve, the Bank of England and the Bank of Japan will successively announce their interest rate decisions. The market unanimously believes that the Fed will cut interest rates by 25%, but there is a 20% chance that the Bank of Japan will raise interest rates this week, which is attracting more attention from the market. The recent severe depreciation of yen has put great pressure on the Bank of Japan to raise interest rates. As yen is a major target in foreign exchange arbitrage markets, an increase in interest rates would inevitably bring liquidity pressure to these markets.

In all likelihood, all decisions will benefit macro markets. There's hope for reaching $110k this week; main players in options market are also increasing positions for end-of-year options ranging from $110k to $120k.

1

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.

PoolX: Earn new token airdrops
Lock your assets and earn 10%+ APR
Lock now!