The night before the non-farm payroll report, Wall Street has already started "mental internal conflict"

Now the market is very much like the night before an exam.
Everyone can't sleep.
Because tonight's non-farm data is very likely to determine the market direction for the next month.
What's more troublesome is that the Middle East suddenly escalated again.
After the US confirmed intercepting an Iranian attack, market risk appetite quickly declined.
BTC and US stocks are both under pressure.
But what really tightens funds is actually the expectation of interest rate cuts.
Because as long as employment remains strong, the Federal Reserve can keep delaying rate cuts.
And now the market's most feared three words are:
"Higher for Longer."
Translate it:
"High interest rates, just hold on a bit longer."
So after BTC fell below 80k, the market started frantically searching for new logic.
Some say it's a safe haven;
Some say it's a shakeout;
Some say the bull market is over.
Actually, many times,
the market isn't trading reality,
but trading expectations.
If tonight's non-farm payroll is below expectations, BTC is likely to rebound quickly.
But if the data continues to be unexpectedly strong, risk assets may face another round of stress testing.
So tonight's biggest suspense isn't:
what the data number is.
But how Wall Street will "interpret the data."
Because the same report,
bulls can see as good news,
bears can see as bad news.
The most amazing thing about financial markets is:
there's always someone who thinks they understand it. #美伊冲突再升级