The latest non-farm employment data has brought positive signals to the Crypto Assets market. The number of new jobs added was only 70,000, far below the expected 110,000, and the unemployment rate also met expectations by rising to 4.2%. This data combination creates favorable conditions for the Fed's future interest rate cut decisions.

The financial markets reacted quickly to this. Futures trading shows that the probability of a 25 basis point rate cut by the Fed in September has surged from 45% to 75%. Market participants generally expect two rate cuts before the end of the year. This change in expectation has undoubtedly injected new momentum into the Crypto Assets market.

However, it is worth noting that Bitcoin may struggle to achieve a real breakthrough rise before the Fed actually takes action to cut interest rates. The current market expects a high likelihood of a rate cut in September, which means that the market may primarily fluctuate downward in August. Investors need to remain vigilant and wait for the results of the Fed's monetary policy meeting in mid-September.

For Bitcoin investors, the price level of $112,000 is crucial. This is not only a key support level but could also become the starting point for the next round of Bitcoin's rise. If this price level is missed, investors may miss out on a potential significant upward trend.

Ethereum and other Crypto Assets may also be affected by this macroeconomic situation. With changes in the Fed's policy expectations, the entire Crypto Assets market may face new opportunities and challenges. Investors should closely monitor economic data and policy trends, and adjust their investment strategies accordingly.