💰 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 entry points for the strategy on August 26: welcome follow
① Top: Super aggressive short positions in the range of 2790~2806, exit when stabilized at 2815, relatively stable short positions near Long Wick Candle at 2833. In addition, short orders lying in ambush near the four-hour long and short watershed around 2865~70. If the four-hour chart does not stabilize, the overall market trend is downward, with strong pump lying in ambush around 2925/3010, suitable for short positions lying in ambush.
②Bottom: Short at the 2690~2700 range, and lying in ambush for longs near the hourly long-short watershed around 2663. Steady bottom at 2630 without breaking, lying in ambush for longs. The overall trend is biased towards upward as long as the bottom is not broken.
The stop loss level given by the 5-day KLong signal is 2910, and the stop loss level given by the weekly Long signal is 2960. As it is a higher timeframe, it may take some time to complete.