Overview of Core Events in Global Financial Markets August 29, 2026 (Saturday) - Walsh's speech breaks the calm in the cryptocurrency industry! Brothers and sisters, last night Jackson Holworth's speech landed, and BTC fell back from above 81000 to near 77700. The speech did not directly give a clear direction, but the market interpreted it as a "skewed eagle", but the market has already given an answer. Walsh broke the tradition of Jackson Hole by not releasing signals on the direction of interest rates, allowing market participants to make their own judgments. But he made it clear that inflation is becoming increasingly concerning, and the US economy is in a state of "full employment", so it must be confident that potential inflation is moving towards the 2% target at a fast enough pace. Reuters reported that this is the closest statement he has made since taking office acknowledging the possibility of a rate hike. The market reaction was honest: after the speech, the possibility of the Fed raising interest rates by 25 basis points in September rose to 57.4%. Walsh's speech is only a catalyst for short-term price fluctuations, not an intrinsic driving force for trend direction. US Stock&Technology News Nvidia's financial report passed, but the stock price still rose first and then fell! Nvidia's Q2 revenue was $96.2 billion, a year-on-year increase of 106%, exceeding Wall Street's expectation of $92.2 billion, and its Q3 guidance of $108 billion was also higher than the expected $104.2 billion. Huang Renxun stated in the financial report that "AI has reached a turning point, computing power is revenue, and demand is accelerating". But after the market closed, the stock price still fell by about 1.8%. The reason is that the gross profit margin has decreased from 75% to 71-72%, and the rising cost of storage chips is squeezing profit margins. Quick Overview of the Cryptocurrency Market BTC's current price around 77700 fell on Friday afternoon, dropping more than 3% from this week's high of $81281. The core driving force behind this round of rise is the inflow of ETF funds and the "dollar depreciation trading" brought about by US bond repurchases. The US spot Bitcoin ETF has seen net inflows for 8 consecutive days, with a cumulative inflow of over $3 billion in August, the strongest month since 2026. But the majority of ETF net asset growth comes from price increases rather than new funding, increasing from approximately 77 billion to approximately 99 billion in mid August. In terms of on chain data, the number of BTC transferred by long-term holders to the exchange has risen to the highest level since 2026, and SOPR has rebounded to 1.48. The red selling wall of order book 80500-80800 has been fulfilled, and 78300-78700 is the first buying support below. Xiaolong's perspective Walsh's speech did not change the mid-term direction, but only triggered the accumulated profit taking. Multiple signals for BTC short selling have emerged, and the price is likely to continue to decline and rebound in the future. A pullback is not a bear turn, but a healthy rebound in the initial stage of a bull market. The direction is determined by the amount of energy and funds, and last night's speech was just a catalyst for short-term fluctuations. Lower support: 77000 → 76000 → 73500. 73500 is the maximum probability callback target (Whale hanging area+Fib 0.382+triple resonance). Patience is more important than judgment.