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 released this week's major events on X (9/30-10/6):
The most important macro data this week is Friday's unemployment rate and non-farm data. 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 legal currency price of U.
At present, market confidence has recovered, and the market is still in the bottoming stage.
Important events this week:
Monday, September 30
US President Biden delivered a speech (23:00)
Tuesday, October 1
Fed Chairman Powell delivered a speech at the National Association for Business Economics (02:00)
US September ISM Manufacturing PMI (22:00)
Wednesday, October 2
US September ADP employment (20:15)
Thursday, October 3
US initial jobless claims for the week (20:30)
Friday, October 4
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, quarterly delivery has ended, the main term IV is at a low level, and there is still great downward pressure this week. Historically, October is generally a better market. "