💰 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
On the daily chart, bitcoin (BTC) exhibits a strong bullish trend after breaking free from a prolonged downtrend, finding significant support near the $74,434 level. Volume activity has increased notably since mid-April, indicating renewed buying interest as the price propelled upward. Immediate resistance looms at $95,857, a point that, if surpassed with strong volume, could catalyze an accelerated rally. Conversely, support zones near $88,000 to $90,000 present critical levels for bulls to defend.