💰 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
[Key Points to Determine Trend Reversal of Three Major Coins]
sol: This past few days have shown remarkable performance, indicating a potential trend reversal. However, it is still a rebound rather than a reversal at this moment. "Reversal" refers to the end of a fluctuating market entering a bullish rising trend, which is called a reversal. The point for sol to determine a trend reversal needs to stabilize above 157; even if the high point reaches 175-180, if it falls back down and breaks below 157, it means it cannot hold. It needs to close firmly above 157 for 48 consecutive hours to signal a trend reversal, after which it will aim for a larger wave segment of 250-300. Currently, the maximum pain point for sol in the first half of the year is 175-180. If it can stabilize above 147 recently, then the market may push upwards to around the highest point of 175. Therefore, I refer to this market trend as a small unilateral rise, which is quite different from the large unilateral rising trend from the end of last year to the beginning of this year.
eth: The point for determining the trend reversal is to break through and stabilize at 2660. Only by stabilizing here can we see 4000. Currently, there are three double tops for eth in the first half of the year: 1912, 2112, 2320. The road ahead is long and winding. If that so-called hype upgrade can't even lift it, then it's completely useless.
btc: The point for determining a trend reversal is to break through and stabilize at 91750. Only by stabilizing here can we see 95000-100000. Currently, it is under pressure at 86400 and has been consolidating for more than a week. It needs to break through to 88800, and only after breaking through 88800 and stabilizing can we aim for 91750. Continuous effort is still required in two or three steps.