💰 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
Analysis: BTC faces obvious resistance in the range of $94,000 to $95,000, while $89,000 to $90,000 serves as a pullback support level.
PANews reported on April 24 that the encryption analysis company Swissblock pointed out that Bitcoin is currently facing significant resistance in the $94K-$95K range. The market is expected to experience a pullback to accumulate further pump momentum, and the pullback may test the support level in the $89K-$90K range. However, given the structural strength of Bitcoin, these pullbacks are seen as buying opportunities.