ChainCatcher news, 10x Research pointed out in its market analysis that while most people's attention is focused on U.S. employment data, the ISM Manufacturing Index has triggered a 10% market adjustment in the first week of each of the past three months. However, employment data plays a key role in shaping market sentiment. Weak employment data has heightened concerns about an economic recession and increased expectations for a Federal Reserve rate cut, while stronger employment data has reassured investors that the U.S. economy is more resilient than the ISM Manufacturing Index suggests.The ISM index may accurately reflect economic conditions. However, the market has been interpreting employment data through the lens of lower inflation, which is expected to give the Federal Reserve more room for aggressive action. In July of this year, we emphasized that the ISM could signal the end of the Bitcoin cycle, and the ISM data released at 10 AM Eastern Time on October 1st will be crucial for assessing the U.S. economic outlook.