Bitcoin (BTC) is showing strong momentum: its price has risen by more than 25% over the past month and is currently trading around $79,600 $BTC

⚠️Market review only; not investment advice. Contract trading carries high risk. I. Key Nonfarm Payrolls Data August nonfarm payrolls increased by 162,000, far exceeding the market expectation of just 55,000; the unemployment rate remained at 4.1%, while year-on-year wage growth was 3.1%; July data was revised up from negative growth to +21,000, with employment resilience far exceeding market expectations. After the data was released, expectations for a September Fed rate hike rose rapidly, while the U.S. dollar and Treasury yields strengthened in tandem, weighing on risk assets. II. Market Fund Reaction The market sold off across the board immediately after the data was released: BTC fell below the $80,000 mark, ETH directly lost the key $2,500 support, and prices moved lower on heavy short-term volume, triggering a cascade of stop-losses on concentrated high-level long positions; gold also plunged by more than $100, with the entire market weakening. The ADP report had previously been weak, and the market had originally been betting on a dovish trend. This nonfarm payrolls report directly reversed macro expectations, making it a typical expectations-gap-driven sell-off. III. Breakdown of Market Logic 1. Strong employment = delayed Fed rate-cut expectations, and even the reopening of the possibility of rate hikes, while expectations of tighter liquidity weigh on the crypto market. 2. The first sharp drop was a liquidity pulse, followed by a slight consolidation and recovery rather than an immediate one-way plunge; the true direction will still depend on the CPI data. 3. ETH has greater volatility elasticity than BTC, with stronger downside potential and a new resistance range forming overhead in the short term. $BTC ‌$ETH ‌

BTC Strategy and Trading Recommendations Current price: 79698. The price edged down over the past 24 hours, with short-term bearish pressure released. After rising to a high, the market has entered a correction and consolidation phase. On the four-hour chart, the price pulled back under pressure after rising, while the Bollinger Bands are gradually narrowing. RSI is correcting downward from overbought levels, and the MACD red bars continue to shrink. The broader bullish structure remains intact. This is a technical correction following the rise, so avoid chasing shorts at high levels. Wait for a pullback to the 79000‑79500 support range. After the hourly chart forms a signal of stopping the decline and stabilizing, build long positions in batches once support is confirmed: Targets: 80100, 80800, 81500#美国8月非农超预期 $BTC