At 2:00 AM Beijing time tonight, the Federal Reserve will release the minutes of the June FOMC meeting. This meeting will reveal the internal divisions within the Federal Reserve regarding the path of interest rate cuts—whether to continue the hawkish stance of maintaining high rates or to begin shifting towards a dovish approach to pave the way for rate cuts later this year. The market is currently betting on a probability of over 70% for a rate cut in September. If the minutes lean dovishly, it may signal a rebound for risk assets, including U.S. stocks, Bitcoin, ETH, etc., which are likely to benefit first. Pay attention to market movements after the release of the news in the early morning, as it is also an important barometer for switching between high and low.