Black Friday Major News Breaks Out! Tonight, the US Non-Farm Payrolls data will be released, with the previous value at 130,000 and the forecast only 59,000. The strength of the data directly affects the Fed's rate cut expectations, and the market's month-long oscillation pattern may be broken, signaling a potential trend reversal!

Meanwhile, the geopolitical risks between the US and Iran are rapidly escalating, global risk aversion is soaring, liquidity volatility is increasing, and the bulls and bears are entering a critical phase of intense competition.

From a technical perspective, the outlook is also not optimistic. In the 4-hour chart, the price rebound is continuously suppressed by the EMA15/30 moving averages, which are in a bearish alignment, indicating short-term bears are firmly in control. The 1-hour cycle is oscillating narrowly around 71,000, which is a typical downtrend continuation pattern. Prolonged sideways movement without a breakout increases the risk of a downward break. Everyone must operate with caution!