Mid-January Market Observation: Another window of significant volatility. Looking back at the past trading week, several positive factors came into play—The three major US stock indices all rose collectively, and Bitcoin also saw a slight rebound, with overall market sentiment leaning warm. As we move from this week into next week, a critical time point has arrived, directly determining whether the year's gains can continue into the spring market. Major events in mid-January are beginning to occur intensively, and market volatility expectations are heating up. The performance during this period often reveals clues about the subsequent trend. Paying attention to data signals during this time frame is very important for judging short-term market directions.