Non-farm payroll data will be released today, which is highly significant for the upcoming market trend. The global situation is somewhat complex, but trading plans must continue to move forward—after all, such data releases often trigger noticeable market reactions.

My core judgment is as follows: a bottom has actually appeared during the last market closure, and the data after the closure further confirmed this bottom formation. Therefore, today’s non-farm payroll data is likely the key moment to confirm this bottom.

Why do I see it this way? The reason is simple. After this FOMC meeting, the data for February will basically be skipped, and the market will focus directly on the March FOMC. This means there won’t be many unexpected signals before the March FOMC. The employment data released today is a delayed report; these data weren’t available during the last FOMC meeting, so it can reflect the true intentions of this round of policy.

Based on this logic, my trading strategy falls into three scenarios:

**First: Data Meets Expectations**
The index probably won’t drop sharply; the main tone remains bullish. But stay cautious, as there are still uncertainties in the international situation.

**Second: Employment Data is Particularly Strong**
The market has already largely digested the expectation of a reduced rate hike cycle, so the impact will be limited. U.S. stocks are unlikely to plummet, and the cryptocurrency market can remain relatively stable. Inflation concerns may surface, and CPI importance will rise, but since the rate hike expectations have already been absorbed, the data release shouldn’t cause major volatility—continue to go long.

**Third: Data is Very Weak**
This could imply that the rate hike cycle might reopen, leading to greater market volatility. But the data would need to be truly poor to trigger a sharp reaction. If a sell-off occurs, it’s better to observe in the short term; if not, continue holding long positions.