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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!👇️
Japanese Central Bank officials' remarks boost expectations of interest rate hike, and the yen strengthened in early trading
Jinshi data, February 6th, news, the speech of Takashi Tamura, a member of the Japanese Central Bank's deliberation committee, boosted the prospect of further interest rate hikes, and the yen strengthened against other G10 currencies and Asian currencies in early trading. Takashi Tamura said it is necessary to raise the interest rate to at least around 1% in the second half of fiscal year 2025, and the neutral interest rate may be at least around 1%. At last month's meeting, the Japanese Central Bank raised the policy interest rate from around 0.25% to around 0.5%. The dollar fell 0.4% against the yen to 151.99, touching a low of 151.83, the lowest intraday level since December 12 last year.