After the release of US economic data last night, the market reaction was quite interesting. The PPI being below expectations indicates a relief in inflationary pressures, while retail sales exceeding expectations suggest that the consumer market remains strong. This 'contradictory' combination directly ignited market sentiment!

Before the market opened, the three major stock index futures collectively surged, and by the close, all were in the green. The Dow finally rose by over 400 points, while the Nasdaq and S&P 500 also performed well.

Bitcoin fluctuated narrowly around $104,000 yesterday, while Ethereum maintained around $2,500, with limited volatility as well. This 'calm' performance indicates several issues:

1. Large funds are still observing, waiting for clearer directional signals.

2. Market liquidity is insufficient, lacking the capital to drive a major trend.

3. Investors may be more focused on the upcoming Federal Reserve meeting.

Although a strong US stock market and a weak dollar theoretically favor risk assets, the cryptocurrency market's reaction today was relatively muted. This may mean:

- Institutional investors are waiting for better entry opportunities.

- Retail participation enthusiasm has cooled.

- The market needs new catalysts to break the current consolidation pattern.

What do you think the cryptocurrency market will do next? Will it continue to rise with the US stock market, or maintain this fluctuating pattern? Feel free to share your thoughts in the comments~ If you want more market analysis, you can follow me! #美国PPI数据来袭