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🔹Reviews of Cognitive Society

Bitcoin's lowest point on July 5 was 53,300, which coincides with the support level of 54,000 in yesterday's article.

Bitcoin's lowest point on July 4th was 56,800, which coincides with the support level of 57,000 in yesterday's article.

The highest point of Bitcoin's rebound on July 3 was 63,800, which coincides with the pressure point of 64,000 in yesterday's article.

The highest point of Bitcoin's rebound on July 2 was 63,800, which coincides with the pressure point of 64,000 in yesterday's article.

It’s still the same thing that never changes: the decline of Bitcoin is expected, and the decline of copycat coins is beyond our expectations.

In the past three months, even if Bitcoin plummeted, it was still within the expected range of the cognitive society, without much deviation. The copycats are different. Every time they are beyond the predicted range of the cognitive society, even beyond the three views of the cognitive society.

10 points a day, half the price every month

The reasons for the discounts are different every month, but the price drops are always in the dozens of points.

Every time Bitcoin and Ethereum plummeted, they rebounded quickly. I believe this time is no exception. There must be a lot of bargain hunting funds entering the US spot ETF. If the selling of Bitcoin is funds in the market, and these funds can flow into Ethereum altcoins, then Bitcoin is a good thing this time. If it is funds outside the market, it is bad news.

The amount of Bitcoin in Mentougou is not very large, and a month at most is enough for the market to digest it. The market crash is more due to liquidity problems and lack of confidence.

The market is completely desperate.

The hope of the financial market comes from the despair of the market

Just like the sunshine coming from the despair in the middle of the night

🔹The K-line spirit of cognitive society

Many new fans feel that the articles of Cognition Society do not have direct bullish or bearish opinions, which affects the chances of making money by playing contracts. The principle of Cognition Society is to play more spot in a bull market. We do not over-judge the rise and fall of short-term prices. This is not Tai Chi, but Cognition Society has its own principles.

Cognitive Society does not know when Bitcoin will plummet, but we remind ourselves that every time Bitcoin plummets, it is an opportunity. We enter the market when Bitcoin plummets and deploy our favorite Ethereum UNI and hot altcoins.

Therefore, if you hold 8 layers of positions, you should control your positions to around 7 layers when Bitcoin accelerates its rise. In the bull market, don't fantasize about shorting your positions every time Bitcoin plummets.

——————————————

Today, 9 US Bitcoin spot ETFs increased their holdings by 166 BTC

📍Interpretation of Cognitive Society: Is this organization also a leek...

Grayscale Ethereum Trust has moved from a discount to a premium

On July 5, The Block reported that Grayscale Ethereum Trust (ETHE) has quietly shifted from a net asset value (NAV) discount to a premium before the expected launch of the spot ETF. According to YCharts data, on July 3, ETHE's NAV premium reached 0.31%.

ETHE had been trading at a discount for three consecutive years, but its discount narrowed significantly after the U.S. Securities and Exchange Commission (SEC) approved multiple institutions’ spot Ethereum ETF applications. Currently, ETHE holds $9.5 billion in assets under management. Investors anticipate the imminent launch of a spot Ethereum ETF and buy discounted shares in advance.

📍Cognition Society Interpretation: The beginning of Ethereum spot ETF is to take over Grayscale

U.S. non-farm payrolls in June were 206,000, compared with expectations of 190,000

The seasonally adjusted non-farm payrolls in the United States in June were 206,000, compared with an expected 190,000 and a previous value of 272,000. The unemployment rate in the United States in June was 4.1%, compared with an expected 4%. (Jinshi)

📍Interpretation of Cognition Society: In theory, employment data CPI determines the interest rate cut in the United States, but in fact, other countries have not suffered a setback, and the United States is unwilling to accept it.

Blockstream CEO: There have been six declines of more than 30% in the previous bull market, and the current market decline is about 26%

📍Cognition Society Interpretation: Bitcoin’s decline is not large

It may take up to three months for Mt.Gox creditors to receive compensation

The time it takes for Mt. Gox creditors to receive their BTC or BCH will vary depending on the exchange specified. For creditors using Kraken accounts to apply for reimbursement, it could take up to 90 days.

The bankruptcy liquidator has previously detailed that the timeline for reimbursement to be visible in creditors’ accounts may vary from exchange to exchange: Kraken may take up to 90 days; Bitstamp may take 60 days; BitGo 20 days; SBI VC Trade and Bitbank will complete reimbursement within 14 days. (The Block)

📍Interpretation of Cognitive Society: The longest is 3 months, the shortest is one month to digest

🔹Summary: Bitcoin is at 57,000 and 58,000 pressure levels. Every time Bitcoin plummets, it is an opportunity for Ethereum to enter the market.

There is no destructive negative news. Bitcoin 56600 is likely to be the bottom area of ​​the third historical bottoming out.

May 2024 is the mid-term of the bull market for Bitcoin and Ethereum. Every plunge is an opportunity. Long-term K-line research focuses on Ethereum UNI OP NEAR BLUR and Link Bread;

🔹Short-term data

Disclaimer: The K-line data analysis provided by Cognitive Society is based on data analysis, does not represent any position, and does not confiscate any project party a penny.

🏷Bitcoin

Support: 55200   54000

Pressure level: 57000 58000

🏷Ethereum

The bottom-fishing power of Ethereum's plunge is definitely possible

If the Ethereum spot ETF is traded in August, there is still one month left

Focus for the next six months

A sharp drop in Ethereum is an opportunity to enter the market

Deploying Ethereum is the core strategy.

Pressure level: 3100 3280

Support: 2900       2800

🏷LINK 

Lowest point perfect 11

Can fully circulated value coins take off in the future market, especially after the Ethereum spot ETF is approved?

New value, new RWA leader, the plunge can be configured, cognitive society 22 23 years 5 layout LINK

🏷 him

6.7 is an important support level, 8.4 is an important pressure level

Pressure level: 8 8.4

Support level: 7.4 7

🏷️BLUR

A long sigh, grass

Cognitive Society is also deeply trapped

🏷OP

It fell to 1.3 of the year of Cognitive Society...

Cognition Society was the only one who reminded us to upgrade Cancun when the OP bottom was around 1.3.

Pressure level: 1.5 1.6

Support level: 1.3 1.2

🏷️

Cognitive Society thinks that ENS TON should be replaced by Ethereum at this time

🏷ARB

The ARB of Cognitive Society is losing half of its money.

Absolute

Cruel

🏷CRV

They are playing the exciting 0.23...

🏷️UN  

And WIF may be the only one to plummet in the expected

2 2.2 Pressure level

On July 5, JTO fell back to the lowest point of 1.66, which coincided with the support level of 1.7 in the article of Cognitive Society yesterday.

On July 4, JTO fell back to the lowest point of 1.94, which coincided with the support level 2 in the article of Cognitive Society yesterday.

On July 3, JTO fell back to the lowest point of 2.27, which coincided with the support level of 2.2 in the article of Cognitive Society yesterday.

The highest point of JTO’s rebound on July 2 was 2.47, which perfectly matches the pressure point of 2.48 in yesterday’s Cognitive Society article.

🏷️TREES  

To stabilize, you need to stand firm 0.0008.............

🏷️WIF

The lowest point of the plunge was 1.45, which perfectly matches the 1.45 of Cognitive Society yesterday. 2 and 2.2 are strong pressure points.

🏷1000RATS

Why

1000RATS rebounds to near cost and reduces positions. After reducing positions, reduce the proportion of long-term positions. The fluctuation is too large and most people cannot bear it.

🏷NEAR

It is 4, if you want to stabilize, you need to stand firm at 4.8

Note that NEAR is a bit weak, don’t touch it unless it is at a high position

Cognitive Society is the most optimistic about NEAR on the planet. NEAR1 has been updating frantically. Now NEAR is ranked behind in the article because it has risen too much. Maybe NEAR may reach 40 in the future, and there is not much room for growth.

When the price of NEAR23 is around 1, Cognition Society is the only one that reminds you to invest regularly when the price is around 1.3 to 1.

Pressure level: 4.6 4.8

Support: 4.2      4

Others, wait for more updates

🔹Understanding attitude towards making money

Cognitive Society does not like hindsight

I don’t like those KOLs who claim that they can make a lot of money.

If someone in the cryptocurrency circle could profit from the rise and fall of every coin

Leverage is not about making 10 billion a year

But the second largest exchange on earth saw the market makers manipulate the market, and it only lost billions and went bankrupt.

Form your own trading system and make money within your own cognitive scope. Don't fantasize about making money from every daily rise and fall, let alone the rise and fall of every coin. This person does not exist on the earth, nor does this kind of organization. If such an organization existed, FTX, the exchange that looks after the main backstage, would not have gone bankrupt.

Desire and ability are not equal

The heart can never be at peace

How can you hold on to the coins if you are not calm inside?

Many people always like to rely on other people's promises and guarantees to hold on to their coins when the market crashes.

Banks are going bankrupt. Even some big countries’ fiat currencies are going bankrupt. Evergrande and Zhongzhi Group are bankrupt with tens of trillions of dollars.

Do you think people who promise returns can be trusted in such a high-risk place like the crypto industry?

The charlatan is just talking nonsense. As for the real crash and bear market, have you ever seen those people who promote the bull market every day?