The Christmas bells are ringing, and the year-end market is facing a significant test! Many people think that institutions are on holiday, but that's not the case. The Americans are taking advantage of the year-end to 'perform' the script for the first quarter of next year all at once; every piece of data could influence market sentiment.

On Tuesday #非农就业数据 , it’s not just the employment report, but more like a reference for the Federal Reserve's interest rate cuts: good data = stable economy = no urgency for rate cuts, and the market's fantasy of a rate cut in January could be shattered at any moment. Thursday's CPI is the real key; even a slight increase could lead the Federal Reserve to collectively change their stance, as peak inflation + rate cut expectations is the first link in the logic chain for starting a bull market. #美联储降息

All week, pay attention to New York Fed's Williams; behind his speeches is 'expectation management', aimed at dousing cold water and dispelling unrealistic fantasies. On Friday, watch the Bank of Japan; ending negative interest rates means tightening global liquidity, increasing pressure on risk assets.

The strategy is simple: watch more and act less before the CPI, wait for the data to land before taking action, and focus on observing whether 'buying expectations and selling facts' unfolds, while learning to identify the tactics of large funds. #BTC