The 120-day moving average is crucial. If the market is strong, a pullback will not break the support of the 120-day moving average. If the pullback breaks the 120-day moving average, it will greatly impact market confidence. Additionally, with the Dubai conference at the end of the month, Bitcoin often tends to fall during conferences, so there may be a wave of adjustment in the market at that time. #btc

💰 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

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