Regarding today's non-farm payroll data, I'd like to share some direct thoughts! I've observed too many people simplistically believe: weak data leads to a surge, strong data leads to a crash. The logic seems sound on the surface, but I think trading based on this will likely result in losses. This is because the market's actual operation often contradicts retail investors' intuition. My view is that market expectations often precede data releases. This week's ADP and initial jobless claims data have already created a consensus in the market that the non-farm payroll data might be weak, and this expectation has already driven Bitcoin up to some extent. If today's data happens to match this expectation, it's equivalent to the expectation being realized, making it difficult to generate new upward momentum; instead, it may trigger profit-taking. The key is that the moment the data is released is the most unpredictable. I've reviewed historical price movements and found that those two or three minutes often involve a sharp rise or fall, triggering numerous leveraged stop-loss orders, followed by a rapid reversal in price. Only after market sentiment calms down does the true trend emerge. Many people who rush to act immediately after the data release often lose money in this initial violent fluctuation, getting stopped out and missing out on the subsequent major market movements. Therefore, I believe that using non-farm payroll data to directly predict short-term price movements is a trap. It's more important to look at the gap between the data and existing market expectations, and the market's actual direction after the initial emotional fluctuations following the data release. #USTradeDeficit #BinanceLaunchBinanceLife #MSCIDoesNotExcludeDigitalAssetTreasuryCompany The real trading risk often lies not in the data itself, but in the already formed market consensus. Most people chase the immediate price fluctuations after data release, essentially providing liquidity for the algorithm's predetermined path; while smart positioning usually begins after market sentiment has calmed down. If you're tired of being repeatedly harvested by short-term fluctuations and want to learn how to identify and utilize this "expectation gap," [come to my chat room](https://app.binance.com/uni-qr/cpos/15606889063778?l=zh-CN&r=HGV4CH2I&uc=web_square_share_link&uco=sGrEFA04_L803jygSOTfxQ&us=copylink)