💰 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 Patterns:
- The price has been fluctuating around 2300 recently, with significant volatility.
- Multiple long lower and upper shadows indicate the presence of significant buying pressure and selling pressure in the market.
2. Technical Indicators:
- MACD: Both DIF and DEA are negative, but the MACD histogram shows a gradually shrinking trend, which may indicate a weakening bearish momentum.
- RSI: RSI14 hovers between 40-50, not entering overbought or oversold zones, the market is in a relatively balanced state.
- EMA: EMA7 (2288.59) is lower than EMA30 (2328.23), and much lower than EMA120 (2486.01), indicating that the short-term and medium-term trends are still bearish.
3. Trading Volume:
- The Trading Volume of the recent few K-line has increased, especially during the rebound stage after the big dump, indicating a more intense market sentiment.
- Trading Volume significantly increases at high and low points, indicating that there is a large amount of capital entering at these positions. 2400-2150