Analysis: Tech Stock Recovery Boosts Risk Sentiment, Bitcoin Rebounds Slightly After Hitting Recent Lows

following Micron Technology's optimistic earnings report and Qualcomm's positive performance outlook, sentiment in the technology sector has notably warmed, driving a rebound in market risk appetite and alleviating earlier concerns over a slowdown in AI-related trading. Driven by this, Bitcoin recovered after hitting a 20-month low, rebounding 0.3% to $61,106, after briefly dipping to $59,062 during the session. Market focus now shifts to the upcoming U.S. PCE inflation data, which could influence expectations for the Federal Reserve's future interest rate policy and further sway the performance of risk assets.