#美国就业数据表现强劲超出预期 The recent market focus points are gradually becoming clearer—panic over the AI bubble has mostly been digested, and concerns about the impact of rate hikes in Japan are also nearing full reflection.

There is a more critical signal: the Federal Reserve has started expanding its balance sheet. This means liquidity is gradually warming up. Looking at recent non-farm payroll data, while not outstanding, it’s not that bad either, which actually leaves more room for rate cuts, and the market doesn’t need to worry too much about the risk of a sharp economic downturn.

Considering these factors, the next 1-2 months could be the window worth risking for entry into risk assets. $BTC, S&P 500, CSI 300—all are worth paying attention to.

But be mentally prepared—AI anxiety may periodically reappear in the future, and each panic will cause sell-offs. But don’t be scared; every pullback is an opportunity to buy. Until one day, the market collectively crazes and says, “This time is really different,” then the bubble will truly be a bubble.