Any percussion instrument is an "continuous"
No, it is not. If you record drum roll it will show individual bursts with silence in between.
The signal is analog, it is continuous.
Analog and continuous are two different terms. When you strike drum once signal is not continuous. There is a silence before and after. Any modulated frequency will show on FFT as a root frequency and sidebands. It applies not only to amplitude modulation, but to any modulation, including time jitter of digital signal.
Anything exceeding half the sampling rate is filtered out as part of the A-D conversion process. It doesn’t "fold" into anything. You can easily prove this with measurements.
There are analog filters before A/D process but they cannot be very sharp. By definition they have to be even group delay (Bessel), and those are very hard to make in analog domain. Bessel filter characteristic show practically the same, weak attenuation within 2x Fc, no matter how many poles you use. The whole idea of single bit converters (Delta-Sigma) was to avoid sharp filters by pushing quantization noise higher. In any A/D and D/A process there is ALWAYS something that folds over. The only issue is the scale (amplitude) and all I stated is that Nyquist applies only to non-interrupted (continuous) frequencies, but artifacts of this violation are likely non-audible with redbook CD and definitely non-audible with 96kHz sampling.