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🔹Reviews of Cognitive Society
No one cares about the fluctuation of Bitcoin anymore, but the surge in Ethereum and Ethereum Series, and the surge in CoinAnX coins have slowly revived the sentiment of retail investors. After all, the rise and fall of Bitcoin has nothing to do with most people, and the unit price is too high.
Cognition Society believes that the short-term hot spots in the market are: one is Ethereum and Ethereum ecosystem, and the other is the new coin of Coinan. After the market scolded, the market should also put pressure on market makers, and a large number of new coins rebounded from oversold prices.
The SGD price dropped three or four times in a short period of time. Normally, the risk is relatively small. After all, if the price dropped five or ten times in more than a month, there would be great opposition in the market.

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🔹Reviews of Cognitive Society
The highest point of Bitcoin rebound on May 21st was 72,000, which coincides with the pressure point of 72,000 in the article of Cognitive Society yesterday.
On May 20, Bitcoin fell back to the lowest point of 65,800, which coincided with the support level of 65,800 in the article of Cognitive Society yesterday.
It is the expectation of Cognitive Society that Bitcoin will sprint to 72,000. After all, the selling pressure at 68,000 is not great. However, the hot spot in the market on May 21 is not Bitcoin but Ethereum.
In 2023, Cognition Society proposed that Bitcoin spot ETF would be passed in 2024, and Ethereum spot ETF would be passed in the second half of 2024. If the copycat wants to rise 100 times in 2025, then it would be ideal to pass another copycat ETF in 2025, such as SOL UNI LINK.

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🔹Reviews of Cognitive Society
The difference between the lowest point of Bitcoin on May 11, 60100, and the support level of 60600 in yesterday's article of Cognitive Society is large
On May 10, the highest point of Bitcoin rebound was 63,400, which is close to the pressure point of 62,900 in the article of Cognitive Society yesterday.
On May 9, Bitcoin fell back to the lowest point of 60,500 and was close to the support level of 61,000 in yesterday's article.
On May 8, Bitcoin fell back to the lowest point of 61,700, which coincided with the support level of 62,000 in the article of Cognitive Society yesterday.
On May 7, Bitcoin fell back to the lowest point of 62700, which coincided with the support level of 62800 in the article of Cognitive Society yesterday.

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🔹Reviews of Cognitive Society
Bitcoin super strong consolidation
On May 7, Bitcoin fell back to the lowest point of 62700, which coincided with the support level of 62800 in the article of Cognitive Society yesterday.
On May 6, Bitcoin fell back to the lowest point of 63,300, which coincided with the support level of 63,000 in the article of Cognitive Society yesterday.
On May 5, Bitcoin fell back to the lowest point of 62,800, which coincided with the support level of 62,500 in the article of Cognitive Society yesterday.
On May 4, Bitcoin surged to 64,600, which is perfectly consistent with the pressure point of 64,600 in the Cognition Society article yesterday.
Bitcoin repeatedly held 62800 and rushed to 64400. Although the rebound did not reach the expectations of the cognitive society, the retracement without breaking 62800 was already very strong.

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🔹Reviews of Cognitive Society
On May 6, Bitcoin fell back to the lowest point of 63,300, which coincided with the support level of 63,000 in the article of Cognitive Society yesterday.
On May 5, Bitcoin fell back to the lowest point of 62,800, which coincided with the support level of 62,500 in the article of Cognitive Society yesterday.
On May 4, Bitcoin surged to 64,600, which is perfectly consistent with the pressure point of 64,600 in the Cognition Society article yesterday.
Bitcoin was sprinting towards 65,500, but the sudden news of war caused Bitcoin to plummet.
Many people find it very strange that during the bull market in 2017 and 2020, Bitcoin skyrocketed every time there was a war, but now Bitcoin plummets every time there is a war?

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🔹Reviews of Cognitive Society
On May 5, Bitcoin fell back to the lowest point of 62,800, which coincided with the support level of 62,500 in the article of Cognitive Society yesterday.
On May 4, Bitcoin surged to 64,600, which is perfectly consistent with the pressure point of 64,600 in the Cognition Society article yesterday.
Bitcoin fell back as expected, with the lowest price of 62,800 exceeding the expectations of the Cognitive Society, which is considered to be extremely strong.
The long lower shadow of Bitcoin's weekly chart shows that the bottom-fishing power is super strong. The incremental funds broke the third historical bottom of Bitcoin. Grayscale's increase in positions will become an important moment in the 24-year bull market.

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🔹Reviews of Cognitive Society
On May 3, Bitcoin rebounded to 60,000 for the first time, which was expected, but it soared to 62,000 due to the positive non-agricultural data.
Why is Bitcoin so strong when the non-farm data is positive?
Because of the positive non-agricultural data, the expectation of a US interest rate cut is faster. As long as the US cuts interest rates, the possibility of a surge in Bitcoin and the encryption industry will increase.
This is why, even though Cognitive Society clearly knows that the price of altcoins has plummeted but Bitcoin has not fallen yet, why don’t they dare to cut their losses?

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🔹Reviews of Cognitive Society
On April 27, the lowest price of Bitcoin fell back to 62,300, which was far from the support level of 61,000 in the article of Cognitive Society.
Bitcoin is falling more and more painfully, because there is almost no room for operation after a 2-point rebound. If you don’t sell it, it will fall a little lower later...
The final way to break the downward trend is usually a big positive line or a sharp drop. At present, it seems that the possibility of a sharp drop is a little bit higher, because the Bitcoin spot ETF continues to have a net outflow and the market lacks sufficient funds to take over.

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🔹Reviews of Cognitive Society
On April 23, Bitcoin rebounded to a high of 67,200, close to the pressure level of 66,800 in the cognitive article
On April 22, Bitcoin rebounded to a high of 66,500, which coincided with the pressure point of 66,800 in the Cognitive Society article.
On April 21, Bitcoin rebounded to a high of 65,600, which coincided with the pressure point of 66,800 in the Cognitive Society article.
Bitcoin is at 66800, and Ethereum is also leading the charge to 3260. If Bitcoin can reach 72000, the altcoin should have a stronger rebound, after all, the decline of the altcoin in this round is too deep.

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🔹Reviews of Cognitive Society
On April 22, Bitcoin rebounded to a high of 66,500, which coincided with the pressure point of 66,800 in the Cognitive Society article.
On April 21, Bitcoin rebounded to a high of 65,600, which coincided with the pressure point of 66,800 in the Cognitive Society article.
Bitcoin rebounded slightly by 2 points, and NEAR ops in the altcoin market continued to work hard. Most of them were still fluctuating sideways. The market was waiting for a new short-term direction because everyone saw the critical point of Bitcoin at 66,800.
If Bitcoin can break through 66,800 and sprint to 72,000 to form the fourth daily top sprint, the altcoin should also be able to rise with it. After all, this wave of altcoins fell too deep and too much.

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On April 21, Bitcoin rebounded to a high of 65,600, which was consistent with the pressure point of 66,800 in the Cognitive Society article, and was also expected. However, many copycats have skyrocketed very violently, a typical example being the MEME coin series, which rose by more than 50 points.
If Bitcoin can fluctuate sideways between 61,000 and 67,000 for a period of time, more altcoins should have a chance to perform, but whether Bitcoin falls below 58,000 or breaks through 74,000, it will be bad for altcoins.
Bitcoin plummets as altcoins panic and sell off

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🔹Reviews of Cognitive Society
On April 13, Bitcoin plummeted by 60,600, and the altcoins further collapsed.
Iran’s counterattack was the direct cause, but the decline of Bitcoin was actually very small. Even if the highest rebound was 65,000, the decline was less than 15 points. So it should be said that there were too many panic orders from copycats, and the retail investors who chased high prices before all sold their stocks at a loss.
Everyone is concerned about the second lowest point in the history of the altcoin. Cognition Society thinks that if Bitcoin can have a wave of sharp decline around April 15, it would be the most perfect. The rebound at this time is the most disgusting.

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🔹Reviews of Cognitive Society
On April 9, Bitcoin fell back to the lowest point of 69,500, which coincided with the support level of 70,000 mentioned in yesterday's article.
The key support level of Bitcoin's retracement is 68800 66000. As long as the daily triple top of 68800 is maintained, there is still hope for the sprint. However, if Bitcoin falls below 68800 to 66000, it will bottom out.
The rise of Bitcoin and Ethereum hurts the altcoins a lot. After all, retail investors rarely have Bitcoin, so they have to wait patiently.
Hidden Dragon Do Not Use
During the low period of the bull market, you need more patience and peace of mind to work. After all, people need to eat and live. Now is still the early stage of the bull market, not the time to cash out, so working is the mainstream way of survival.

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🔹Reviews of Cognitive Society
On April 8, Bitcoin once again sprinted to 72,700, which was in line with the expectations of the cognitive society. Ethereum also soared, but the rebound strength of the copycat was quite touching, which seemed too cowardly.
When retail investors chase high prices and are too far from the cost, their desire to participate in the market will decrease. Because of the surge in Ethereum, NEO QTUM CELR in the public chain sector has skyrocketed, but after a long bear market, there are too few people holding this old public chain, so there is no pressure to pull the price.