According to CoinMeta, the U.S. non-farm payroll report for July will be released at 8:30 a.m. Eastern Time. It is expected that there will be an addition of 80,000 jobs, with an unemployment rate of 4.2%, and wage growth of 0.3% on a month-over-month basis and 3.5% year-over-year. Strong non-farm data, a lower unemployment rate, or faster wage growth could trigger concerns about interest rate hikes, leading to a bearish market outlook. On the other hand, slightly weaker non-farm data, a slightly higher unemployment rate, and moderate wage growth might ease the pressure for interest rate increases, resulting in a bullish market sentiment. However, if the non-farm data are extremely weak or negative, it could lead to selling due to fears of a recession.