At 22:00 tonight, the global financial markets will witness an important moment: the release of the U.S. non-farm payroll data. This report is not only a key indicator for assessing the state of the U.S. job market but also, due to its profound impact on Fed policy-making, has become an important factor influencing the direction of the Crypto Assets market.

The current market predicts that the U.S. will add about 180,000 non-farm jobs in August, with the unemployment rate likely remaining around 4.3%. However, the recent performance of the U.S. job market has not been good, with employment data continuing to weaken over the past few months, and the non-farm data for June and July has been significantly revised downwards. Against this backdrop, if tonight's data is far below expectations, it may trigger market panic and cause violent fluctuations.

From the perspective of the crypto assets market, the different results of this non-farm data may trigger vastly different market reactions:

If the data is stronger than expected, indicating a strong recovery in the U.S. labor market, the market may become concerned about further interest rate hikes by the Fed. In this case, investors may withdraw from the higher-risk Crypto Assets market and shift towards a more conservative asset allocation. In the short term, the prices of Crypto Assets may face downward pressure and show a significant decline.

On the contrary, if the data is weaker than expected, indicating that the employment market is still sluggish, the market's expectations for interest rate cuts will heat up. However, even so, due to the long-term interest rates remaining high, the Crypto Assets market may find it difficult to immediately shake off its downturn.

Regardless of the outcome, tonight's non-farm payroll data will undoubtedly be an important factor influencing the short-term trend of the Crypto Assets market. Investors should closely monitor the market reaction after the data is released and adjust their investment strategies in a timely manner based on the actual situation.