💰 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:
The market has been a bit dull these past few days. Bitcoin has currently rebounded from a high position down to around 93500. The 94800 and 95200 mentioned yesterday have both been reached, making them good entry points for short positions. The decline is currently ongoing, and the overall strategy is to short on rebounds, waiting for the daily line to show a downward trend before making further decisions. Wishing everyone successful trading! #BTC# #ETH# #sol#