💰 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
Morning Analysis:
Today is the first day of the holiday, and I want to wish everyone a happy holiday! Bitcoin experienced a rapid drop yesterday but did not break the low point of 92800, and has returned to the range. Currently, we can only operate within the 92800-95800 range. However, altcoins like SOL and HBAR have already formed a daily downtrend. Yesterday, influenced by Bitcoin, they also saw a quick rebound after a drop, but the downtrend has already been established, so we should primarily focus on shorting during rebounds. Wishing everyone smooth trading! #BTC# #ETH# #sol#