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
Someone asked if the BTC would reach a new high if the Federal Reserve cuts interest rates in June or July. It's hard to say for now; first, whether they will cut rates is uncertain. If inflation unexpectedly rises from April to June, it’s over, and we can basically confirm that 110000 is the highest point of this cycle. If interest rates are cut as expected in June-July, then there may be another pump from August to November, but reaching a new high would require breaking through 107000. In the last bull run, the highest point before May 19 was around 60k, and the peak in the latter half of the cycle was only a few thousand points higher. The ideal scenario would be similar to the trend from 73300 to 100k, where it breaks and stabilizes at a new peak before pumping out another 30k points. However, speculation is always speculation. The market consensus is that the peak will be capped in the second half of the year, so there’s no need to chase the top. For most people right now, just surviving the next few months would be quite good.