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- 🎁 12th Anniversary Celebration – Reward Distribution Notification
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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!👇️
Analyst: Ethereum's net outflow on Derivatives exchange reaches a new high in 18 months, which is a bullish signal
On February 7th, PANews reported that according to Cointelegraph, analyst Amr Taha from CryptoQuant pointed out in a report on February 6th that the net outflow of ETH on Derivatives exchange was -300,000 coins (worth about 817.2 million USD), reaching the highest level since August 2023. This is a bullish signal because traders withdrawing ETH from Derivatives exchange means reducing selling pressure, settling leverage positions, and potentially transferring ETH to cold wallets. Taha stated that the increase or decrease in ETH flowing out of Derivativesexchange has reduced the "available immediate supply", making it more difficult for the price of ETH to fall; if demand remains stable or increases, the price often rises due to the reduced supply. Cryptocurrency commentator Kyle Doops also stated in a February 6th post on X that "Such a large-scale outflow usually means a decrease in selling pressure and the closing of major positions - which is typically a bullish signal."