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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!👇️
Bitcoin may see 200 thousand dollars: Famous analyst stated
Popular cryptocurrency analyst Benjamin Cowen stated that if Bitcoin exhibits a "right-leaning" formation in the current cycle, its price could reach the range of 120,000 to 150,000 dollars; in a perfect scenario, it could test 200,000 dollars.
Cowen stated the following in a YouTube interview:
"In a right-leaning cycle, it is possible for us to see an increase of approximately 10 times from the bottom. This would push BTC up to 150 thousand dollars. Under ideal conditions, we could witness a rally that goes up to 200 thousand dollars. However, I believe we will not see 300 thousand dollars in this cycle."
According to Cowen, for Bitcoin to reach new peaks, it is critically important to hold the 72 thousand dollars, which is the 2024 peak on the weekly chart, as support.
"Everything is possible. Especially if we can maintain the $72,000 level, I will be more optimistic in the later periods of the year. My current concern is whether we can hold this level against a possible pullback."
At the time the news was written, BTC is trading at 85 thousand 230 dollars.
Published: April 19, 2025 16:49