At 20:30 tonight, the highly anticipated July non-farm payroll data will be released. The market generally expects the job market to continue to cool down, with an estimated addition of about 110,000 jobs, lower than last month's 147,000. Meanwhile, the unemployment rate may slightly rise to 4.2%, while the hourly wage growth rate is expected to exceed June's level.

This report is crucial for the Federal Reserve's interest rate decision in September. Fed Chair Powell has stated that he will make a judgment after considering more economic data. If the new jobs number released tonight is below 100,000 and the unemployment rate rises, it may drive market expectations for a rate cut in September, leading to a weaker dollar, which could benefit assets like Bitcoin. However, if new jobs exceed 150,000, the expectations for a rate cut may be dispelled, the dollar may strengthen, and risk assets may come under pressure.

Given that the release of this data may trigger market fluctuations, investors should remain vigilant and are advised to adopt a cautious strategy to control risk exposure while closely monitoring market trends. Regardless of the outcome, tonight's financial markets will undoubtedly face an important test.