Global Market Dynamics: The unexpected decline in the US PPI strengthens rate cut expectations, the Bitcoin "whipsaw" pattern may trigger a new round of bull run.On Wednesday, Wall Street stocks rebounded to new highs, pushing Asian stock markets to open mixed on Thursday. Previously, the U.S. Producer Price Index (PPI) unexpectedly fell, supporting market bets on the Fed resuming interest rate cuts next week. Meanwhile, Bitcoin prices rebounded at the 110,000 support level, with an analyst pointing out that its weekly chart is forming a historic "whipsaw" pattern, which could signal the arrival of the next bull run, with a target price potentially exceeding 130,000.
MarketWhisper·55m ago