💰 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
【Price Trend Analysis】
1. Candlestick形态：
- Recently, the price has shown a clear rise trend, especially a strong pump starting from July 15th.
- There was a relatively long Upper Shadow on July 16 and 17, indicating some selling pressure at the high.
2. technical indicator：
- MACD: The MACD fast and slow lines are both above the zero axis, and DIF (85.51) is greater than DEA (78.93), indicating a longs market, but the red bar is shortening, be alert to possible pullback.
- RSI: The RSI14 is currently 69.11, close to the overbought zone, and there may be pullback pressure in the short term.
- EMA: The current price is above EMA7 (3443.96), and EMA30 (3305.92) and EMA120 (3252.39) are also below it, indicating a strong longs trend. You need to follow whether the price can continue to stay above EMA7.
3. Trading Volume:
- Recently, several CandlestickTrading Volume have increased, especially during the period from July 15th to July 16th, showing an increase in fund activity.
- However, on this Candlestick at 08:00 on July 17th, the Trading Volume has decreased, and it is necessary to pay attention to the subsequent changes in Trading Volume to confirm the continuity of the trend.