The August Non-Farm Payrolls (NFP) report released today blew past expectations, with non-farm job additions at +162k. This is just too much to handle—way above expectations. It’s the classic case of 'strong employment → rate hike expectations rise → risk assets under pressure.' Gold and bitcoin:native started dropping the moment the data came out. Luckily, I bet on the right direction this time. Like I said before, the current market is all about shaking out retail investors with these up-and-down moves to make them give up their chips. Historically, single NFP reports have about a 50/50 impact on BTC’s daily price direction. This time, the massive beat clearly had a short-term shock on the market, but the real direction will depend on the upcoming CPI and the September FOMC. Strong employment is just a 'necessary but not sufficient' condition. Data drops → quick liquidation of longs → then a rebound or continued dip depending on details (unemployment rate, wages, revisions). Retail investors are getting played back and forth. bitcoin:native Next key level to watch: 78k.