📢 #Gate Square Writing Contest Phase 3# is officially kicks off!
🎮 This round focuses on: Yooldo Games (ESPORTS)
✍️ Share your unique insights and join promotional interactions. To be eligible for any reward, you must also participate in Gate’s Phase 286 Launchpool, CandyDrop, or Alpha activities!
💡 Content creation + airdrop participation = double points. You could be the grand prize winner!
💰Total prize pool: 4,464 $ESPORTS
🏆 First Prize (1 winner): 964 tokens
🥈 Second Prize (5 winners): 400 tokens each
🥉 Third Prize (10 winners): 150 tokens each
🚀 How to participate:
1️⃣ Publish an
The US manufacturing PMI is like a "health check report" for factories:
High score (>50) = The factory is thriving, the economy is very healthy.
Low score (<50) = The factory is wilting, the economy is about to catch a cold.
How does it affect Bitcoin? Three steps:
1️⃣ If the PMI score is high (for example, 55):
→ The Federal Reserve (the central bank of the United States) looks and says: "Whoa! The economy is so strong? We can't lower interest rates now!" (It may even raise interest rates.)
→ The dollar immediately becomes strong (high interest, money is all stored in dollars)
→ Bitcoin: When the dollar rises, Bitcoin falls (because Bitcoin is bought with dollars, when the dollar is expensive, Bitcoin appears expensive)
👉 Result: Bitcoin is likely to decline 📉
2️⃣ If the PMI score is low (for example, 47):
→ The Federal Reserve takes a look: "Oh no! Is the economy going to collapse? We need to prepare for interest rate cuts to save the situation!"
→ The US dollar instantly becomes a soft-shell shrimp (interest rates are going to drop, and money is looking for more excitement)
→ Bitcoin: When the dollar falls, hot money rushes into Bitcoin for a gamble!
👉 Result: Bitcoin is likely to rise 📈
3️⃣ Extra Performance:
There is also a sub-item "Raw Material Prices" in the report:
If it surges → it indicates that inflation has returned → the Federal Reserve dares not cut interest rates → bearish for Bitcoin
If it crashes → Inflation eases → The Federal Reserve confidently cuts interest rates → Positive for Bitcoin
Summary:
Factory report cow → Bitcoin may be timid
Factory report on vegetables → Bitcoin may rise
⚠️ Note: This is just a short-term sentiment impact! Bitcoin is also influenced by a bunch of other factors (such as hackers, big shots' speeches, policy changes, wars). When the data comes out, the market may fluctuate wildly, so don't get too excited and go all in, just watch the excitement first! #Strategy increase Bitcoin $BTC