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🔹Reviews of Cognitive Society
Bitcoin's highest rebound point on July 7 was 58,400, which is close to the pressure point of 58,000 mentioned in yesterday's article.
Bitcoin's highest rebound point on July 6 was 57,300, which is close to the pressure point of 58,000 in yesterday's article.
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.
The retracement of Bitcoin to 58,500 is consistent with what the Cognition Society article reminded yesterday:
The 58,000 to 60,000 level where Bitcoin rebounded is a strong pressure point. It will probably take some time to retrace.
If Bitcoin cannot hold steady at 58,000 tomorrow, there is a high probability that Bitcoin will bottom out again in the future.
Although the time of Ethereum spot ETF is constantly postponed, the normal trading of Ethereum spot ETF is usually in July or August. Cognition Society believes that after the Ethereum spot ETF is approved, the cottage should have a big rebound. Therefore, the cottage that is trapped will wait for a big rebound before reducing, unless it rebounds to near the cost recently.
I dare not say where the lowest point is, but whether it is the Ethereum spot ETF or the lower US interest rate cut, it is relatively certain that it is positive. Wait a while, and things will get better slowly.
🔹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.
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The German government has transferred 13,466 BTC since June 19 and still holds 39,826 BTC
According to Lookonchain monitoring, the German government address has transferred 13,466 BTC (US$819.3 million) since June 19, and currently still holds 39,826 BTC (US$2.29 billion).
Of the 21 million BTC, 17.6% are lost and 2.7% are owned by the government
According to Bitcoin Magazine on July 7, the current 21 million BTC are distributed as follows:
Individual holdings: 57%
Lost BTC percentage: 17.6%
BTC yet to be mined: 6.6%
Satoshi Nakamoto wallet share: 5.2%;
BTC ETF share: 3.9%;
Company share: 3.6%;
Miners account for 3.4%
Government share: 2.7%.
📍Interpretation of Cognition Society: Selling publicly is not a bad thing, what we are afraid of is a one-size-fits-all approach.
Mt.Gox creditors: Mt.Gox repayment phase may last until October
Mt. Gox creditor Brian Dixon, CEO of Off the Chain Capital, said the current repayment phase could last until October, although many creditors have yet to receive their distributions. We are still waiting for our distributions. I haven't heard of anyone actually receiving their Gox claims.
📍Interpretation of Cognition Society: The previous month was a period of high selling pressure
63.5% of lending on Ethereum is done through Aave
Crypto KOL MartyParty shared data on X showing that 63.5% of lending activities on Ethereum are conducted through Aave.
📍Interpretation of Cognitive Society: This is why Cognitive Society has always been optimistic about DEFI, value, but unfortunately the marketing department is not strong enough.
🔹Summary: Bitcoin 58,000-60,000 has a lot of selling pressure and is expected to fall back. Every plunge in Bitcoin 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: 55800 54000
Pressure level: 58000 58500
🏷Ethereum
The highest level of 3080 is expected. If it fails to stand at 3100, there is a risk of a second bottom.
There are too many people who are long on Ethereum, and the ratio of longs to shorts is about 4
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: 3020 3080
Support: 2900 2800
🏷LINK
The highest level of 13.4 is expected, 11 is the core support level
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
It is expected to be stuck around 8.4
Pressure level: 8 8.4
Support level: 7.6 7
🏷️BLUR
Unable to rebound
🏷OP
1.5...
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
0.7 is not stable
🏷CRV
0.23 support level
0.27 0.3 pressure level
🏷️UN
And WIF may be the only one to plummet in the expected
2 2.2 Pressure Level 1.7 1.6 Support Level
The highest point of JTO rebound on July 6 was 2, which is consistent with the pressure point 2 in yesterday’s Cognitive Society article.
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
Maximum 0.0008.............
🏷️WIF
2 still hasn't stabilized 1.6 1.4 can be watched
🏷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
The highest is 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: 4.7 4.85
Support: 4.3 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 advocate the bull market every day?
