10x Research: Market focus shifts to the upcoming Nvidia earnings report, with the options market expecting its stock price to fluctuate by 8%

2024-08-26 10:26:35

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ChainCatcher message, 10x Research released the latest report stating that Bitcoin broke through the symmetrical triangle pattern as expected last week, moving towards the target price of $65,000, currently achieving a 9% return. The Fed meeting minutes released last Wednesday were dovish, which propelled the rise of Bitcoin.

10x Research believes that the current market is in a dynamic "hit and run" environment, where rapid tactical trading can yield significant returns. As Bitcoin continues to trade sideways within a wide range, accurately predicting macroeconomic events is crucial for seizing opportunities.

In addition, market attention is shifting towards the upcoming Nvidia earnings report, with the options market expecting its stock price to experience about an 8% volatility.

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