The U.S. Bureau of Labor Statistics is about to release the highly anticipated July employment report, which will be published at 8:30 PM Beijing time on August 1. Market analysts generally believe that this report will have a significant impact on the Fed's interest rate decision in September.

Economists predict that if non-farm payrolls increase by less than 100,000 while the unemployment rate rises, the Fed may choose to cut interest rates in September. In this scenario, the US dollar may face renewed downward pressure, while digital assets like Bitcoin could see a rapid rebound.

However, if the employment data exceeds expectations, such as a non-farm payroll increase of more than 150,000, then the Fed may not implement two rate cuts this year, which would change the market's previous expectations.

It is noteworthy that the recent tariffs imposed by the U.S. on Chinese goods may have an impact on employment data. If the data shows that the impact of the tariffs is only short-term, then the Fed may be inclined to take action in September.

Regardless of the outcome, this employment report will provide important economic indicators for market participants, assisting in assessing the health of the U.S. economy and the direction of future monetary policy. Investors and policymakers will closely monitor the release of this key data.