💰 Gate.io Daily Topic & Post Event
➡️ #BitcoinStrategicReserveAct#
— On May 7, New Hampshire became the first U.S. state to include Bitcoin in its strategic reserves. The new HB 302 bill allows up to 5% of public funds to be invested in digital assets and precious metals with a market cap over $500B.
Will this boost Bitcoin’s price? Could it set a trend for other states or countries? Share your thoughts!
➡️ #FOMCMeeting#
— The Fed will announce its May rate decision on May 8. Despite pressure to cut, markets expect no change. How do you think this will impact the market?
✍️ Post with #Bitcoin
Analyst Liang Qiu: 4.30 BTC ETH grasp the trend swing trading with market analysis
Aunt Flatbread has continued to fluctuate in a narrow range in the past two days, and the market is also about to change. We laid out the current price of 95000 and 1820 to 1830 again last night, and the market rose and fell to 93600 and 1780 in the early morning, the overall space is not large, and the continuity of long and short is not strong, but the overall space of friends on the root during this time is still relatively large, and the overall trend of the current market is also relatively strong. This kind of market trend beware of changes, there is support under pressure, the change of trend is particularly important, and the daily line is also a small yin and small yang yin and yang alternating pattern.
From a short-term perspective, the daily MA indicators show that the 7-day and 10-day moving averages have begun to slowly turn downward, indicating signs of a weakening trend. However, attention still needs to be paid to the resistance levels at 1860 and 96000. A break below these levels could warrant further following. The K-line patterns of BTC and ETH have also been fluctuating around 95000 and 1800 recently, forming a narrow range consolidation pattern. In terms of technical indicators, the current MACD is in negative territory but shows signs of gradual convergence, which may suggest a short-term rebound or trend reversal.
In terms of operations, Liang Qiu suggests continuing to short Bitcoin around 94800 to 95300, with a target near 93300; for Ethereum, continue to short around 1810 to 1820, with a target near 1750.
Daily strategy analysis is limited, and the market is variable, with specifics based on real-time data. #Gate.io App 全新升级# #AI 概念币普涨# #Memebox上线Salamanca (DON)#