Many people think the bull run has to wait until interest rate cuts are in place? That's too naive. The real big market often starts tearing apart when expectations are flying everywhere. This week is a typical powder keg where any data could explode in a direction.

First, let's talk about Monday, when Powell will speak. This guy is always ambiguous in his statements, but the market eats it up—one "patient" can cool the bulls, and one "focus" can trigger a stampede among the bears. Then on Tuesday, there will be some technical operations, no matter what it's called, whether it's quantitative tightening or balance sheet reduction, the core issue is whether money will still be released, which directly determines whether there is enough liquidity to sustain this round of market.

Wednesday's PMI data is a lens to reveal the truth. Is the economy cooling down or holding on? Once this thing comes out, all the discussions about altcoin rotations and whether ETH can take off will be rewritten immediately. Don't underestimate Thursday's unemployment claims data; if there are cracks in the job market, interest rate cut expectations will ramp up instantly, and you can figure out how risk assets will behave.

The highlight is the Federal Reserve's balance sheet on Friday. This thing is like a health check report, telling you whether the next phase will be easing or continuing to tighten. Five key points, each of which could become a turning point trigger.

Volatility equals opportunity, but the premise is that you need to have a script. Which bomb do you think is the most dangerous this week?