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- 【Gate Daily Market Digest】📊
Unlock today’s key crypto market insights at a glance!
Top Gainers⭐️ $SNAKEAI $YBDBD $BASEPTL $FPFT $TMAI
Trending Coins🔥 $YBDBD $LAUNCHCOIN $SPX $MIRAI $ANIME
#FearGreedIndex# #TopGainers#
- #May CPI Incoming#
This Wednesday, the U.S. will release May CPI data — a key test for rate cut expectations. Cleveland Fed forecasts 2.4% YoY CPI (up from 2.3%), with core CPI flat.
💬 If inflation beats expectations, will the Fed still cut in June? Will you stay on the sidelines or take early action?
#Tech Giants Eye Stablecoins#
Apple, Google, Airbnb, and X are in talks to integrate stablecoins into their payment systems, aiming to cut fees and streamline global payments. Following Circle’s IPO surge, stablecoins are quickly gaining traction across tech and finance.
💬 Could stablecoins be - Trading Myth vs Reality: Rising Wedge
❌ Myth
"A rising wedge is a bullish signal; buy immediately once the pattern completes."
✅ Reality
Proper rising wedge trading requires confirmation:
1.A clear break below the lower line (2 confirmed closes)
2.Volume increase on the break
3.A pullback that doesn't break above the lower line
💡 How to trade correctly:
· Wait for the pullback after the break
· Set stop-loss above the upper line
· If price breaks above upper line, volume must confirm or it's a false breakout
- What are Gate Post Ambassadors? One article guides you through the responsibilities and benefits of being a Gate Post ambassador!👇️
#BTC#
Let's analyze the chart and get a brief summary of Bitcoin (BTC):
Overview:
* Price: The current price of Bitcoin is 105,348.5 USDT.
* Last 24-Hour Performance: There is a slight decrease of 0.21% in price.
* 24-Hour High/Low: The highest level of 106,486.8 and the lowest level of 104,980.0 in the last 24 hours. This shows that there is a significant price movement during the day.
* Volume (24-Hour): The total volume traded is 2.48K BTC or 260.20M USDT. This shows that there is some activity in the market.
4-Hour Candlestick Chart Analysis:
* Recent Price Action (Candles on the Right): The price seems to have consolidated in the 105,000 - 106,000 USDT band in the last few 4-hour candles. There were a few bullish candles, but the last candle closed with a slight decline.
* Previous Low: Around 06-06, the price fell to 100,402.6 USDT and made a strong recovery from there. This indicates that that level is a strong support point.
* Moving Averages (MA5, MA10, MA30):
* MA5 (105,603.1) and MA10 (105,688.3) are trading above the current price, which may indicate a slight downtrend or sideways movement in the short term.
* MA30 (104,763.5) is trading below the price and may act as support in the longer term. In general, moving averages moving close together can indicate consolidation or an indecisive market.
* MACD Indicator (Lower Part):
* MACD (12,26,9) values: MACD: 87.7, DIF: 296.1, DEA: 228.4
* The MACD line (DIF) is above the signal line (DEA) and in the positive zone. This generally indicates that bullish momentum is continuing, but the distance between the MACD and DIF is observed to be decreasing. This could be a sign that the bullish momentum may be weakening.
* The histogram (MACD - DEA) is also in the positive zone, but the size of the recent bars seems to be decreasing, which could indicate a loss of momentum.
In summary:
Bitcoin is currently consolidating around 105,000 USDT. It has recently made a strong recovery from around 100,400 USDT. The short-term moving averages are moving above the price, while the longer-term moving averages are providing support. Although the MACD indicator is still showing bullish momentum, there may be signs of some weakening in momentum.
Conclusion: This chart shows that BTC is generally bullish with some indecision in the short term. While support around 100,000 USDT appears strong, a consolidation or slight pullback at current levels is possible. Market participants appear to be waiting for more volume and momentum to determine the next big move.