💰 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
On November 17th, BTC market analysis showed that last night BTC fell back to around $973, and our long positions also got on board perfectly. It has been pumping all the way and has now surpassed the $100,000 mark, reaching a high of $102,200, which is also near the previous high and will face some pressure. Therefore, at the $102-$103 level, the market may experience fluctuations or minor pullbacks. Then it will continue to rise.
Today's trading strategy is to continue holding long positions at the low level, reducing positions at high points, adding positions on pullbacks, and for those who haven't entered long positions yet, if BTC can come back and test the support level at around 970 or 960, they can still enter long positions.
Note: The market changes rapidly, and the strategy is only personal experience sharing, for reference only!