Greeks.live: The market is still in the bottoming stage and there is still great downward pressure this week

Odaily News Greeks.live macro researcher Adam published this week's major events on X (9/30-10/6): The most important macro data this week are the unemployment rate and non-farm data on Friday. Compared with the A-share market, which is now in the limelight, the US stock market is obviously much inferior. But the cryptocurrency market is obviously more related to the US stock market. The only connection between A-shares and cryptocurrencies may be that many people withdraw funds to trade stocks, which has brought down the fiat currency price of U. At present, market confidence has recovered, and the market is still in the bottoming stage. Major events this week: 9/30 Monday, US President Biden delivered a speech (23:00) 10/1 Tuesday, Federal Reserve Chairman Powell delivered a speech at the National Association for Business Economics (02:00) US September ISM Manufacturing PMI (22:00) 10/2 Wednesday, US September ADP employment (20:15) 10/3 Thursday, US weekly initial jobless claims (20:30) 10/4 Friday, US September unemployment rate (20:30) US September seasonally adjusted non-farm payrolls (20:30) Crypto market outlook: The crypto market has entered a volatile phase, the quarterly delivery has ended, the main term IV is at a low level, and there is still great downward pressure this week. Historically, the market in October is generally better. "