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After the Fed's decision, officials maintained their outlook for three interest rate cuts this year. However, due to the recent rise in inflation, they have reduced their expectations for a rate cut in 2025. Powell said that inflation has eased, the policy rate may have peaked, and he is ready to cut rates to support the economy. Economic data came in better than expected and job growth was strong, but the pace of inflation coming down was slowing. GDP and core PCE inflation forecasts have been revised upwards and the unemployment rate has been lowered, but most officials still expect three rate cuts this year. The economy is optimistic and inflation is cautious. The Federal Reserve kept its policy rate unchanged at its March meeting and raised its forecasts for GDP growth and core PCE inflation. The dot plot retains guidance for three rate cuts during the year and is interpreted by the market as dovish. Catalyzed by the Fed decision, the bulls rallied from a rebound after hitting the daily 30-day moving average and ended with a low Shattered Doji. Falling back after the violent rally in the early hours of this morning, it is expected that it will fall again and rebound rapidly, and the return of the bulls means the continuation of the unilateral layout idea.
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Bitcoin hit the lowest level of 60750 yesterday to stop falling, and then the market began to rebound all the way up, the highest to 68260 line blocked, the current currency price is running near 67330, four hours to see the 6W mark to support out of the V-shaped rebound, K-line five consecutive yang to regain lost ground, short-term suppression blocked out of the fall, is not expected to be too strong, MACD bulls run double-line golden cross, MA7 turned upwards to guide, the short-term trend is biased towards the bulls, the daily line closes above the MA30 and the second step back is not broken before the low, the market stabilizes and rebounds, and the upper focus on the short-term 69000 resistance breakthrough continues to rise to near the previous high, and the low chips continue to hold positions, persistence will usher in victory, the bull market will continue, the idea is still mainly low, the upper suppression of 68800-70500, the lower support of 66500-65200
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Ethereum rebounded strongly after stepping on the support below yesterday and walked out of the long white line, eating up the big black candle the day before yesterday, and the long and short are still very anxious. The price K-line retraced the maximum 4-hour Bollinger band near the lower track of 3051, and the support rebounded to the current near 3530, and the bulls completed nirvana for life. The bull market relay structure is highlighted, the key pressure level above the 3720 line needs to be unlocked and verified, the hourly level, the space began to shrink and narrow, and the stepping point after the strong repair has been raised; there is still a little space in the white disk, you can wait for the pullback to catch a wave of rebound, the recommended point 3450-3380 can be a long single layout, the target is to see the 3650-3720 range!