On September 9, Greeks.live researcher Adam posted on the X platform that last week's macro data did not have much impact. Next Thursday is the Federal Reserve's interest rate meeting, and the 25 basis point rate cut has once again become the main point of view. The cryptocurrency market is very weak, with BTC falling by nearly 10% since September. Now market confidence is weak and the market is in an oversold state. The crypto market is weak, and investor confidence is seriously lacking. All major term IVs have rebounded, and the short- and medium-term IV rebound is more obvious. Options trading focuses on next week's Federal Reserve interest rate meeting. At present, the short-term IV is still at a low level during the year, and it is very cost-effective to build a bearish ratio spread in line with the view of timing.