Tonight at 8:30 PM, the major Non-Farm Payrolls report will be released. This is the final version of Powell's term, and it is also the key data point before the Federal Reserve's June interest rate hike meeting!

It will directly influence the overall market trends across the Dow, U.S. stocks, A-shares, and the cryptocurrency market.

Market expectations: New non-farm jobs 62,000–67k, unemployment rate steady at 4.3%.
✅ Data below 50k: Weak employment, economic slowdown, increased likelihood of a rate cut in June. The dollar and U.S. bonds plunge, gold, A-shares, and the crypto market all rally strongly.
✅ Data between 60,000–90k: Neutral to slightly bearish pattern, employment cools but not enough to force a rate cut, markets slightly rise then fluctuate back.
✅ Data over 100k: Employment remains resilient, the June rate cut expectation is directly dashed, high interest rates continue. The dollar and U.S. bonds strengthen, gold and the crypto market decline, foreign capital exits A-shares, adding pressure.

Considering the combined impact of the ADP non-farm report and initial jobless claims, tonight’s non-farm payrolls are likely to be neutral with a slight bearish bias, making a strong rate cut expectation unlikely.

Currently, the market is oscillating around 80,200. The trading strategy is clear: sell on rebounds, buy on dips.
Resistance at 80,500–81,000 for short positions, support at 79,300–79,600 for long positions. Enter the market as data is released, and profit from the range-bound oscillation!