Wall Street is on alert for tonight's CPI "fake cool down"; bond markets have already priced in a July interest rate hike.

Renowned trader and chart analyst Peter Brandt shared a daily gold futures chart, which shows gold prices are in a long-term downtrend channel, overlaid with a tombstone pattern, captioned "Maybe" — hinting at potential further downside risks or a possible end to the bull market. It should be noted that Brandt had expressed bullish views on gold in the short term two days ago, setting a target range for the rally at $4,517–$4,830. With five decades of trading experience, Brandt is known as a market wizard for his classic technical analysis, and he also accurately predicted the 2018 Bitcoin crash.

Goldman Sachs stated that recent interventions by the United States and Japan to support the Japanese yen have not weakened the U.S. dollar’s status as the world’s primary reserve currency, but instead reinforced it. Analysts noted that Washington’s intervention in the euro-yen (EUR/JPY) pair and Japan’s potential use of the Federal Reserve’s FIMA dollar facility underscore the depth and liquidity of U.S. financial markets. Goldman Sachs holds that no competing reserve asset currently matches the U.S. dollar in terms of global infrastructure, liquidity, and utility during periods of financial stress.

Hardware wallet manufacturer Coldcard announced that due to legal record-keeping obligations tied to the security incident disclosed on July 30, the company has temporarily suspended automatic customer data deletion. Under its original policy, customer records are typically automatically purged after 120 days, with only details like email addresses and country of residence retained. Going forward, such records will be kept until further notice. Coldcard noted that customers may reach out to official support to request adherence to the original data retention policy, and the automatic deletion mechanism will be reinstated once legally allowed.

According to HTX market data, with the non-farm payroll (NFP) release imminent, Bitcoin has strongly broken through the $65,000 level. As of press time, Bitcoin is trading at $65,129.04, marking a 0.81% gain over the past 24 hours.

According to Bitget's market data, ahead of the release of non-farm payrolls (NFP) data, the intraday gain of spot gold has expanded to 2%, and it is currently trading at $4,325.27 per ounce.

QCP Capital noted in a report that Bitcoin has rebounded from its weekly low of around $62,500 and is currently trading in a range near $64,000. What’s more notable about this rally is not the momentum itself, but the pressure the market has absorbed: Strategy sold 1,638 Bitcoin for approximately $105 million; meanwhile, reported losses from the Coldcard security incident have risen to around $110 million. Neither of these events caused Bitcoin’s price to sustain a drop below key levels. The options market also reflects similar calm sentiment: front-end implied volatility remains at the lower end of the recent range, and downside skew has eased, despite the still complex macro environment. U.S. manufacturing picked up in July, but labor market indicators softened. JOLTS job openings fell to 7.36 million, and ADP employment added only 44,000, making today’s U.S. jobs report the market’s focus. At the same time, uncertainty over the Strait of Hormuz has pushed Brent crude back above $83 per barrel. Japan remains another key liquidity variable: after joint interventions to support the yen, the Bank of Japan still holds roughly half of outstanding Japanese government bonds as domestic yields rise, and the impact of Japan’s funding conditions extends far beyond the foreign exchange market itself. For the crypto market, the key distinction remains: resilience has improved, but momentum is still limited. Macro liquidity, energy markets, and the timeline for U.S. digital asset legislation remain core variables to watch.