Today's panic index is 48, maintaining a neutral state.

Last night's non-farm data was another disaster. The market initially surged after the data was released because the U.S. stock market had not yet opened, so the market rose first. When the U.S. stock market opened, there was a brief surge, but soon after, it started to plummet, and the market also followed the pattern of rising and then retreating.

Originally, the poor non-farm data, along with the unemployment rate released at the same time rising to 4.3% as expected, should have been quite favorable for interest rate cuts, which should have led the market to rise. However, the non-farm data was indeed too poor, and after a brief celebration, the market realized this indicated signs of a U.S. recession. Everyone started to worry that a worsening economy would lead to market instability, so both the stock and cryptocurrency markets surged and then quickly fell. The next focus will be on the interest rate dot plot that the Federal Reserve will release this month.