Gate Square “Creator Certification Incentive Program” — Recruiting Outstanding Creators!
Join now, share quality content, and compete for over $10,000 in monthly rewards.
How to Apply:
1️⃣ Open the App → Tap [Square] at the bottom → Click your [avatar] in the top right.
2️⃣ Tap [Get Certified], submit your application, and wait for approval.
Apply Now: https://www.gate.com/questionnaire/7159
Token rewards, exclusive Gate merch, and traffic exposure await you!
Details: https://www.gate.com/announcements/article/47889
📊 Market Update: Stocks, Fed Policy & Crypto Trends
U.S. Stock Market Recap
Dow Jones: +0.28% ✅
S&P 500: +0.03% (Almost Flat)
Nasdaq: -0.36% ❌
Tesla: -6% 📉 (Dropped for 5 straight days, lowest since Nov 2024)
Federal Reserve & Interest Rate Outlook
Fed Chair Powell’s Key Message: No rush to adjust interest rates.
🔹 If inflation stays high → No rate cuts
🔹 If the economy weakens → Possible rate cuts
Powell’s tone was slightly hawkish, meaning he leans toward keeping rates steady.
Key Event Tonight (21:30): U.S. CPI Inflation Data 🔥
This will impact both traditional markets and cryptocurrencies.
💎 Bitcoin (BTC) Analysis
Current Status:
BTC failed to break higher multiple times.
Dropped to $94,817 before a weak rebound.
Key Levels to Watch:
Support: $95,500 – If price holds, BTC could move higher.
Resistance: $96,500 - $97,200 – Needs to break for a bullish move.
Watch for bullish candlestick patterns (like a hammer or engulfing candle) for a potential rebound.
💎 Ethereum (ETH) Analysis
Current Status:
ETH dropped to $2,555 and rebounded slightly.
Technical Trend:
Still in a downward channel 📉.
Needs to break above resistance for an upward move.
Support at $2,550 – If it holds, ETH may stabilize before an uptrend.