💰 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 market is like a tug-of-war between bulls and bears, with prices fluctuating around 85000. A symmetrical triangle is forming in the short term, and the supply zone above 85000 and the demand zone below are gradually being consumed. We are waiting for the closing of the 4H and daily chart Bollinger bands, as a new unilateral trend is about to emerge. Key times to watch are the non-farm payroll and unemployment rate data on the evening of the 4th, as well as Powell's speech at 23:25 on the 4th. The current CME gap is located at 85200-85500, and the key positions remain at 86200 and 82600.