Recently, after the release of non-farm payroll data, the buzz in various communities has skyrocketed. Some share profit screenshots, some shout "bull market is starting," and others are eager to ask, "Is it still okay to chase high now?" Looking at this scene, I need to pour a cold water on it.

Having been in the crypto market for these years, I have seen too many such "false prosperity." After the non-farm data was weaker than expected, the market indeed rebounded, but the logic behind this rally is far from as simple as everyone thinks. Today, I will discuss with you why I judge this rebound as "pseudo hope," and how to avoid these traps in the future.

**First question: Why did the market rise when the economic data was weak?**

There is actually only one mechanism behind this—the market's "expectation imagination." When non-farm payroll data falls short of expectations, increasing the probability of economic cooling, the market begins to fantasize that "the Federal Reserve will loosen its grip."