2:00 a.m. hawkish heavy hammer: minutes—everyone supported rate hikes. Most people think there’ll be another hike before the end of the year. The big bread fell 5.6% over two days back to 80,700. But it didn’t tell you two things: First, it’s for the September meeting—after that, nonfarm payrolls only rose by 29,000, and the hawks are working off the old map. Last line hides the key information: a New York Fed representative intervened in the FX market on behalf of the Treasury—hiking while suppressing the dollar, hitting themselves. End of August: 62,000; end of September: 75,000—each landing point is higher than the last. Panic at dawn—don’t hand over your chips. #BTC $BTC