💰 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
April 11:
Last night, the movement of the US stock market slightly stirred the cryptocurrency market. Bitcoin briefly fell below the $80,000 mark, which is a key defense point for the bulls in the short term. From this perspective, it is not easy for the bulls to launch a large-scale counterattack or to turn the tide in the short term. I suspect that the market is more likely to exhibit fluctuations and build a bottom.
Today's disk is still in the midst of shock repair, which can not be achieved overnight, but the trend is common sense. If it can quickly recover above 81500 and fluctuate during the day, it will be greatly advantageous to the bulls, and they can take advantage of it. If this is not the case, it is also a normal state of shock, and there is no need to panic.
It must be clearly stated that even if there are pullbacks and dips below previous lows in the future market, these are still good opportunities to enter the market. Although many small-cap coins show strong bullish momentum today, everyone should not blindly chase highs; it is advisable to wait patiently for the right timing to reap substantial profits.