At 20:30 on the evening of July 2, the US June non-farm payroll report will be released. The current market consensus expects about 110k new jobs, a significant decline from the previous period. Combined with the weakening of the leading indicator ADP employment data, expectations of a slowdown in the labor market are heating up.

Non-farm payrolls are the core reference for the Fed's monetary policy adjustments. The data's outcome will directly change the market's judgment on the timing of interest rate cuts, thereby driving significant volatility in digital asset prices:

Weak employment: The market bets on easing taking effect, which is favorable for a stronger market.

Strong employment: Expectations of rate cuts are delayed, and there is downward pressure on the market.

Currently, long-short battles are intensifying, and market volatility in the evening will significantly increase. It is recommended to closely monitor data discrepancies, manage risks well, and avoid blindly chasing positions.