The U.S. Bureau of Labor Statistics is set to release the July employment report tonight at 20:30. The market expects an addition of 110,000 jobs, with the unemployment rate potentially rising slightly from June's 3.6% to 3.7%. If the data meets expectations, it will further confirm the view that the job market is gradually cooling down.

This week, Federal Reserve Chairman Jerome Powell provided guidance on the September interest rate decision during the meeting. Among the recently released economic data, tonight's non-farm payroll data will undoubtedly be a key factor influencing the Federal Reserve's September interest rate decision. The results of this report could have a significant impact on the interest rate decision in September.

At the same time, the cryptocurrency market is closely monitoring this important economic indicator. The price trends of mainstream cryptocurrencies such as Ethereum (ETH), Solana (SOL), and Ripple (XRP) may be influenced by employment data. Additionally, the recent U.S. measures to impose tariffs on certain goods have raised concerns in the market about the global trade outlook, which may indirectly affect the sentiment in the cryptocurrency market.

Investors should also pay attention to other employment-related indicators such as the number of initial jobless claims in the United States to comprehensively assess the employment market conditions. As economic data is gradually released, the cryptocurrency market may experience a certain degree of volatility. In this uncertain market environment, investors need to remain vigilant and closely monitor various economic indicators and policy trends to make informed investment decisions.