Three major events on options Friday (29th) will affect the BTC market trend:
The first big event: Huge BTC options delivery
Tomorrow is the options quarterly delivery day. 41% of BTC options and 46% of ETH options will expire for delivery, with a value of over $15 billion, which may have an impact on the market.
The second major event: PCE data release
PCE data will be released at 8:30 tomorrow night. If it is higher than expected, it will be negative.
PCE stands for Personal Consumption Expenditure. The Federal Reserve attaches great importance to this data. It uses PCE data to understand people's consumption habits and whether there is tightening. More importantly, PCE also contains the PCE price index, which can show whether people's costs of food, clothing, housing and transportation are rising or falling. This has a very big effect on the Fed's control of inflation or employment.
The third major event: Powell’s speech
Federal Reserve Chairman Powell will deliver a speech at 11:30 tomorrow night. It will be good if we continue to insist on the view that interest rates will be cut three times this year. Attitude changes, negative, good position control.
Investment must be flexible, and you must learn to judge the direction of the wind and follow the trend. The only constant is change itself.
