Today is the first Friday of August. At 8:30 PM, the U.S. July non-farm payroll data will be released. If the data is weaker than expected, it may boost expectations for a Federal Reserve rate cut, which would be a short-term positive for Bitcoin. However, if the data is stronger than expected, a stronger dollar will suppress BTC. But since the Federal Reserve's interest rate decision was announced yesterday and the next meeting is in September, the impact of tonight's data may be limited unless there is a significant anomaly.
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Today is the first Friday of August. At 8:30 PM, the U.S. July non-farm payroll data will be released. If the data is weaker than expected, it may boost expectations for a Federal Reserve rate cut, which would be a short-term positive for Bitcoin. However, if the data is stronger than expected, a stronger dollar will suppress BTC. But since the Federal Reserve's interest rate decision was announced yesterday and the next meeting is in September, the impact of tonight's data may be limited unless there is a significant anomaly.