💰 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
Experience in the crypto world for many years, understand it to avoid detours!
1. Don't be attached to hot coins.
Altcoins won't keep rising; profits should be exchanged in a timely manner to a certain extent, otherwise, they may fall back to their original point, such as FIL and LUNA.
2. Key Points for Buying and Selling at High and Low Levels
Trading sideways at a high level before a further rise may be a selling opportunity; trading sideways at a low level with a new low might be a good entry point.
3. Assess the market environment.
In a poor market environment, if the coin price consolidates against the trend, it will rise; a small rise against the trend will lead to a big increase. In a good market environment, if the coin price consolidates against the trend, it will slightly drop; a small drop against the trend will lead to a big decrease.
4. Reasonable position adjustment
Position should be increased when the coin price breaks through the previous high, and do not add to the position during a downturn to avoid increasing losses. Cut off losses to let profits grow.
5. The upward trend at the bottom should be held steady.
After identifying the bottom price, the coin price generally rises with a pattern of two steps forward and one step back, especially during an upward trend, where it increases while also consolidating. Don't get off easily.
6. Prioritize sectors when investing
Top players focus on sectors, engaging in popular sectors with high popularity and high win rates; second-tier players focus on individual coins; third-tier players look at indicators; and the lowest-tier players purely gamble.
7. Volume and price are the root indicators.
Indicators change with volume and price. True technical analysis must consider both volume and price, as a price increase requires substantial capital to drive it.
8. Key Points for Trend Operation
In an uptrend, look for support and rely on the support line to pull back for low buying; in a downtrend, look for resistance and use the resistance line to open a short position or exit.
#USDT 市值创新高#