tonight April non-farm data release!

March non-farm reached 178,000, with April expectations only 50,000-60,000, a direct cliff drop, unemployment rate expected to remain at 4.3%.
Even if employment cools down, the Federal Reserve may not dare to cut interest rates: inflation is not stabilized, employment remains resilient, the Fed only recognizes continued weakening, not single-month data.
Data significantly below expectations, less than 40,000: US stocks Nasdaq, gold, $BTC rise, dollar weakens;
Data flat or slightly strong: dollar and US bonds strengthen, high-valuation stocks pull back;
Weak employment but strong wages: market oscillates with confusion, trend divergence.
Light positions and observe, decide after data release.