Essential for Bitcoin investment, major events to watch this week (3/31-4/6)
This week, the most noteworthy events are the unemployment rate and non-farm data on Friday. Additionally, the impact of President Trump's planned implementation of reciprocal tariffs on the macro market on Wednesday is also worth attention. Furthermore, the speech by Federal Reserve Chairman Powell on Friday deserves attention as well. There is a certain level of uncertainty in this week's macro events, and cryptocurrencies are currently highly correlated with the US stock market, with the prices of major US tech giants influencing cryptocurrencies.
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Major events this week:
4/1 Tuesday
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Reserve Bank of Australia announces interest rate decision (11:30)
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Eurozone March CPI preliminary value and February unemployment rate (17:00)
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US March ISM Manufacturing PMI (22:00)
4/2 Wednesday
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US March ADP employment change (20:15)
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US President Trump's plan to implement reciprocal tariffs
4/3 Thursday
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European Central Bank President Lagarde speaks (1:00)
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European Central Bank releases March monetary policy meeting minutes (19:30)
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US initial jobless claims for the week (20:30)
4/4 Friday
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US March unemployment rate (20:30)
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US March non-farm payrolls (20:30)
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Federal Reserve Chairman Powell speaks (23:30)
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Cryptocurrency market outlook:
The cryptocurrency market is relatively sluggish, and after the quarterly settlement, ETH has led a wave of market decline, with ETH likely to hit a new low since 2024. The volatility of mainstream coins is not significant; currently, the implied volatility of BTC is maintained above 50%. Market sentiment is relatively pessimistic, and it's a time that tests the patience of market participants.
This week, options trading will mainly revolve around the quarterly settlement, with not much worth noting. Short-term implied volatility will bear the pressure of margin release after the quarterly settlement and is expected to see a slight decline.
