Greeks.live: The market is in an oversold state, with options trading focused on next week's Federal Reserve meeting

ChainCatcher news, Greeks.live researcher Adam posted on social media that last week's macro data did not have much impact. Next Thursday is the Federal Reserve's interest rate meeting, and a 25 basis point rate cut has once again become a major point of discussion. The cryptocurrency market is very weak, with BTC dropping nearly 10% since September, and market confidence is low, putting the market in an oversold state.

This week's major events:
On Tuesday, September 10, Apple will hold a new product launch event;
On Wednesday, September 11, the U.S. August CPI will be released, and U.S. presidential candidates Harris and Trump will debate on ABC News;
On Thursday, September 12, the number of initial jobless claims in the U.S. for the week will be announced, and the European Central Bank will release its interest rate decision;
On Friday, September 13, the U.S. September University of Michigan Consumer Sentiment Index will be released.

Cryptocurrency market outlook: The market is weak, and investor confidence is severely lacking. Implied volatility (IV) across major maturities has rebounded, with a more noticeable rebound in the short to medium term. Options trading is focused on next week's Federal Reserve interest rate meeting. Currently, short to medium term IV is still at a year-to-date low, making it a good time to construct bearish ratio spreads based on market timing.