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Gate Square New & Returning Creator Rewards are ongoing!
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#BTC #ETH
Ethereum is set to undergo an upgrade on May 7th, but the event has generated surprisingly little excitement in the market. Given the current sentiment, it seems unlikely that the price will see a significant surge on the upgrade day. This could be a good opportunity to secure some profits by selling at higher levels now and adopting a cautious stance.
The timing of this upgrade is crucial, as it coincides with the upcoming Federal Open Market Committee (FOMC) meeting. The meeting could have a more profound impact on the broader market. If Fed Chair Powell hints at the possibility of rate cuts starting in June—an event currently estimated at just a 31% probability—it might be worth re-entering some positions later. However, if Powell takes a more hawkish approach and signals no rate cuts, it could trigger a sharp decline in market prices.
Rather than risking being caught in a downturn, it’s wiser to prioritize patience. Waiting for the situation to become clearer in the coming days will allow for more strategic decisions. There’s no need to rush; the goal is to act decisively when conditions are favorable.
For now, stay alert and monitor key updates, including Yibo's live session at 20:30!
#New Listings on Gate.io #Ethereum Pectra Upgrade #Strategy Doubles Down on BTC