💰 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
In terms of policy, given the objective conditions of the liquidity shortage of the US dollar caused by the tariff war, the probability of the Federal Reserve lowering interest rates in May has temporarily increased to over 50%. BTC's key position today is 75800, with key resistance above at 78500. In terms of gaps, the CME futures gaps are 81400-84100 and 85200-85500. It is worth noting that due to the continuous decline of US stocks in recent days, the Nasdaq Composite Index is filled with gaps above, and the Nasdaq filling gaps has become a potential factor guiding BTC's daily chart large-scale rebound thereafter. With the policy aspect combined with the release of March CPI data tomorrow, there is significant uncertainty; one should not easily anticipate a reversal trend before breaking the downward trend line.