Greeks.live: Market confidence is low, the market is in a state of overselling

Researcher Adam from Greeks.live posted on platform X, stating that last week's macroeconomic data did not have much impact. The Federal Reserve's interest rate meeting is next Thursday, and a 25 basis point cut has once again become the main viewpoint. The cryptocurrency market is very weak, with BTC falling nearly 10% since September. Currently, market confidence is low and the market is in an oversold state. The crypto market is weak and investor confidence severely lacks; all major term IVs have rebounded, with short-term IV rebounds being more noticeable. Option trading focuses on next week's Fed interest rate meeting. At present, short-term IVs are still at their lowest level within the year; timing construction of bearish ratio spreads in line with viewpoints offers good value for money.