💰 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
The latest market situation of 8.20 can be operated as follows: Long positions in the range of 2556~67 given at the bottom yesterday can be seen to fall to the lowest point at 2561 in the evening yesterday and rebound to 2678 in the morning today, providing a space of more than 110 points. Short positions near 2670 at the top are aggressive, reaching the lowest point at 2643 for the first time, currently with a space of about 30 points.
Intraday① top: aggressive short positions in the 2691~2703 range, exit when the 5-minute K stabilizes at 2712. Relatively stable Long Wick Candle in the 2737~2750 range, lying in ambush for shorts. And the key long and short watershed on the hourly chart, lying in ambush for shorts in the top second test range of 2783~2800. Exit when the hourly chart breaks below 2800.
②Bottom: aggressively long at the short-term rebound of the 2612-2600 range. Relatively stable is still Long Wick Candle 2556-2667 range short-term long, fifteen-minute level K out of position at 2550.
And the bottom critical support 2500~2512 range lying in ambush longs, the overall market trend is biased towards the upside as long as 2500 is not broken. #BTC# ETH#