#非农数据超预期.

The trend has emerged, but the market still needs a "confirmation period"

Overall, I believe this set of divergence data leans more towards a trend signal rather than pure noise, but it is not yet sufficient to confirm a policy turning point on its own. Unemployment rate, wages, and previous value revisions have already indicated a direction, but continuous validation from subsequent data is still needed.

The market is currently in a delicate stage: expectations have started to shift, but confidence has not yet been fully established. This will lead to a market performance characterized by volatility rather than a one-sided trend. For the crypto market, declining concerns about tightening are positive, but that does not mean macro factors can be ignored.

Strategically, a more reasonable approach is to gradually increase risk asset tolerance rather than make a one-time bet on policy shifts. The real big trend often occurs "after the trend has been repeatedly confirmed."

In one sentence: this is not a gunshot, but a continuously changing background sound.