According to Odaily Planet Daily, Greeks.live analyst Adam released the outlook for the crypto market this week (September 2 to September 8). On Monday (September 2), the U.S. stock market will be closed for one day. On Wednesday (September 4), the Bank of Canada will announce its interest rate decision. Thursday (September 5) will usher in three important data: the number of initial jobless claims in the United States that week, the number of ADP employment in the United States in August, and the Federal Reserve will release the Beige Book on economic conditions. Friday (September 6) is the most important day of the week, with the release of the U.S. unemployment rate and seasonally adjusted non-farm payrolls data for August, as well as speeches by Federal Reserve officials. The market currently expects a 70% probability of a 25 basis point rate cut and a 30% probability of a 50 basis point rate cut. If the economic data pressure this month is high, there is indeed a possibility of a 50Bp rate cut.

Adam said that the cryptocurrency market is currently weak, and September has historically been poor, and this year is no exception. Ethereum (ETH) was the weakest performer, with gas fees hitting a record low of just 0.6Gwei. ETH’s weakness has been present since the second half of the year and shows no signs of improving. In the options market, investor confidence is seriously lacking, and the implied volatility of each term is relatively stable. The medium and long term continued to fall slightly, and the medium and short term rebounded slightly. Notably, options expiring on November 8 have significantly higher implied volatility than other maturities. Given ETH’s current performance, investors may consider a bearish ratio spread or a cross-currency short rate strategy.