💰 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
💰 $80,000 BTC – A Reversal Signal or Another Step Down?
The cryptocurrency market is in a fever again: strategic reserves are entering the scene, regulation is tightening, and investors are in a panic. Bitcoin broke through the $80,000 mark, which came as a shock to many. But is this really the bottom, or are we waiting for a new round of decline?
🔥 Why is BTC falling?
1️⃣ Profit taking by large players – institutional investors who entered earlier can take profits
2️⃣ Fear and uncertainty – geopolitical risks and regulation of the crypto industry cause massive sales
3️⃣ Liquidation of leveraged positions – a large number of liquidations increases the downward pressure
4️⃣ Correction before new growth? – Even in a bull market, crypto cycles come in waves
📉 Will the fall be lower?
$75,000 is the nearest support level, where large funds can begin to buy back.
$72,000 – $70,000 – a panic zone where retail investors give up, and whales are given a chance to buy assets at a discount.
$65,000 is an extreme option - if the pressure continues, a retest of this zone is possible.
🚀 Inference
The crypto market has always been volatile. $80,000 worth of bitcoin is a reason to think, but not to panic. The main thing is to act according to strategy, not emotions
Do you think that BTC is already at the bottom, or are you waiting for a deeper fall? At what level would you enter the market? Share in the comments!
#MarketBottomPrediction#