The overall market liquidity recovery—whether it's a bull run or a pullback—will be decided on Friday's non-farm payroll report.

The reason is simple: American manufacturing data is extremely disappointing (PMI only 47.9), and the weak economic signals make it hard for the USD to strengthen. Currently, the entire market is doing one thing: waiting anxiously for Friday night's non-farm employment report. This data will directly determine whether the market continues to fantasize about "rate cuts soon" or gets a cold splash of reality.

For us: the logic is straightforward but crucial—USD weakness usually benefits cryptocurrencies. But that's just "usually." The market now is like a frightened bird; relying solely on USD decline, funds dare not move massively. The true direction must wait for this "starting gun" of the non-farm report.

In summary, from Monday to Friday this week, the main trend will be oscillation, all waiting for Friday night. Before the data is released, any turbulence is just reckless fuss—don't follow the chaos. True traders should either turn off and rest or keep their powder dry, waiting for the market to give a clear reaction on Friday before positioning for the trend. Feel free to verify my reasoning! $BTC $GT $ETH #非农