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➡️ #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
4H BTC/USDT chart analysis
Trend Overview:
Current Trend: Bullish (short-term), showing higher highs and higher lows.
Market Structure: Price has broken structure (I-BoS and I-CHoCH), indicating a shift toward bullish sentiment.
Fair Value Gaps (FVG): There’s a Bearish FVG around the 80,000–81,000 range, which has now been filled.
Fib Levels: Price has reacted to the 0.618 Fibonacci level, which often acts as strong resistance.
Key Levels:
Support:
0.5 Fib: ~82,000
0.382 Fib: ~80,000
Major Swing Low: ~79,000
Area of Interest (Demand Zone): 75,000–73,000
Resistance:
Current Resistance: ~83,900 to 84,000 (near the potential target marked)
Upper Fib Level (0.786): Near 86,000
If planning a long (buy) position:
Entry: Around current price (83,200) or better: near 82,000–82,500 on a pullback.
TP1: 84,000 (previous high / potential target)
TP2: 85,800–86,000 (0.786 Fib level)
SL: Below 82,000 or tighter at 81,500
If planning a short (sell) position from resistance:
Entry: ~83,900–84,000 (potential target zone)
TP1: 82,000 (0.5 Fib)
TP2: 80,000 (0.382 Fib / Bearish FVG)
SL: Above 84,300