The US Non-farm Payrolls (NFP) data is an important indicator of the health of the US economy, and its impact on the crypto assets market cannot be ignored. Typically, the performance of the NFP data directly affects market expectations for the Fed's monetary policy, which in turn influences the trends of various assets.

When the US Non-farm Payrolls (NFP) data falls short of expectations, the market may anticipate the Fed to implement easing policies such as interest rate cuts to boost the economy. This expectation often leads to a depreciation of the dollar while increasing market liquidity. In this scenario, crypto assets like Bitcoin (BTC) and Ethereum (ETH) may gain upward momentum as risk assets due to an increase in investors' risk appetite.

On the contrary, if the US Non-farm Payrolls (NFP) exceed expectations, it indicates a strong performance in the US job market and a healthy economy. This may prompt the Fed to maintain the current interest rate level or consider raising rates. At this time, the US dollar usually strengthens, attracting funds into dollar assets, while risk assets like Crypto Assets may face downward pressure.

It is worth noting that the US Non-farm Payrolls (NFP) report for July will be released tonight at 20:30. The market expects that the number of new jobs added in July will be 110,000, lower than the previous value of 147,000. At the same time, the unemployment rate is expected to slightly rise from 4.1% to 4.2%, while the year-on-year growth rate of average hourly earnings may increase from 3.7% to 3.8%.

Given the significant impact of US Non-farm Payrolls (NFP) on the market, investors should maintain a cautious attitude before the data is released. It is recommended to closely monitor the changes in market sentiment and capital flow after the data is published, in order to adjust investment strategies in a timely manner and effectively manage risks. For Crypto Assets investors, understanding this market reaction mechanism is particularly important, as it helps to seize opportunities amid volatility.