💰 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
🟢 We have shared multiple posts about entering the bear market. We have told you that there will be drops. They made a fake bull move on the charts and then pulled the whole market down again. When it fell below 73,000 in the past, we told everyone to switch to cash, and those who did not listen to us are in the same position now.
If there is going to be a correction, we will expect it to drop as much as 85,000 and then rise; otherwise, if there is no correction, it will continue to drop further by 85,000. Our expectations are for the bull to continue again. But for now, it would be more accurate to wait in cash to see how far it will fall. BTC will continue to pull down all altcoins with its up and down movements, and the winning rate will constantly decrease. We have mentioned this in the past: when it peaked at 73,000, the same positions are currently present, but if there is no correction, things will get worse. Of course, the decision is yours to make.
#BTC# #ETH# #DOGE# #PEPE# #GT#