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🔹Reviews of Cognitive Society
Bitcoin fell back to the lowest level of 65900 on July 23 and the support level of 65800 mentioned in yesterday’s article.
Although Bitcoin fell due to the selling pressure in Mentougou, the decline was small.
Yesterday, the article Cognition Society reminded that Grayscale had millions of ethers to sell when the Ethereum spot ETF was traded.... As a result, the great BlackRock comrade could not resist Grayscale's selling.......................This..............BlackRock resisted Grayscale's selling when Bitcoin ETF was launched.
If it doesn't work, let BlackRock sell some Bitcoin to support the Ethereum spot ETF................
Grayscale will be sold out sooner or later
Can't sell out in a month
That's about three months.
Anyway, we will definitely live longer than grayscale
The ratio of long and short bitcoins is still around 1, which prevented the short-term decline of bitcoins in Mentougou. Normally, with such a large number of sales, bitcoins should fall to around 63,000.
With the selling of Mentougou and the US government, Bitcoin will not be able to stabilize at 68,000 in the short term, so don’t chase high prices, stay calm.
If Bitcoin falls back but does not break 63,000, it will repeatedly rush to 67,000. If it falls back but does not break 65,500, it will be expected to rush to 68,000.
🔹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 U.S. Bitcoin spot ETF had a total net inflow of $486 million yesterday, continuing its net inflow for 12 consecutive days
BlackRock IBIT's fund inflows yesterday hit the highest single-day inflow since March
According to the BlackRock IBIT report, investor inflows reached $526.7 million on July 22, the highest single-day inflows since March.
📍Interpretation of Cognitive Society: Give some to Ether...............
Mt.Gox has transferred about 56,000 BTC to exchanges for compensation, and there are still 85,000 BTC waiting to be transferred and distributed
On July 23, according to the monitoring of on-chain analyst Ember, as of now, Mt.Gox has transferred 56,452.9 BTC (about 3.558 billion US dollars) to exchanges for compensation. There are 5 exchanges participating in the compensation distribution: Bitbank, SBI VC Trade, Kraken, Bitstamp and BitGo. Since July 5, the specific transfer data is as follows: July 5, 1,544.6 BTC transferred to Bitbank; July 5, 1,157 BTC transferred to SBI VC Trade; July 16, 48,641.2 BTC transferred to Kraken; July 22, 5,110.1 BTC transferred to Bitstamp. There are currently 85,000 BTC waiting to be transferred and distributed.
The US government transferred 58,742 BTC to Coinbase this morning, and now holds a total of 213,239 BTC (about $14.2 billion). Mt Gox also transferred about 47,600 BTC to other wallets, including Bitstamp. Influenced by the US government and Mt Gox news, the options market seems to expect more downside in the near term.
Since an ETH spot ETF may not impact the price immediately, coupled with potential selling pressure from the U.S. government and Mt Gox, the spot price may remain subdued until momentum builds before the election.
📍Cognition Society Interpretation: Bitcoin is really strong recently, the US government and Mentougou fell a little bit.
Seven U.S. states jointly submit a statement opposing the SEC's excessive regulation of cryptocurrencies
Iowa Attorney General Brenna Bird led a seven-state coalition in filing an amicus brief opposing the SEC’s overreaching regulation of cryptocurrencies, the Iowa Attorney General’s office announced earlier this month. The amicus brief, supported by Arkansas, Indiana, Kansas, Montana, Nebraska, and Oklahoma, was filed on July 10 and seeks to challenge the SEC’s overreach.
📍Interpretation of Cognition Society: The core of a country ruled by law is that the law is greater than rights; secondly, the rights of all parties are checked and balanced.
🔹Summary: Bitcoin does not break 65,000, 63,000 is an important support level, 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: 65800 64500
Pressure level: 67500 68500
🏷Ethereum
After Grayscale's early sell-off, BlackRock needs to step up its efforts to raise $500 million
A sharp drop in Ethereum is an opportunity to enter the market
Deploying Ethereum is the core strategy.
Pressure level: 3530 3600
Support: 3430 3400
🏷LINK
Maximum 15.2 in line with expectations
13.4 is an important 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
The giant whales are selling weakly, and the sharp drop is an opportunity, but control your positions
8.2 8.6 Pressure level
7.6 7.3 is the key support level
Pressure level: 8.2 8.6
Support: 7.7 7.5
🏷️BLUR
0.19 0.17 is an important support level, 0.23 is a resistance level, 0.26 is a strong resistance level
🏷OP
Stuck at 2
Cognition Society was the only one who reminded us to upgrade Cancun when the OP bottom was around 1.3.
Pressure level: 2 2.1
Support levels: 1.8 1.7
🏷️SUN
170 is an important short-term support level.
SOL and AAVE are the first copycats to slowly stabilize
🏷CRV
The sixth 0.3 card owner
0.26 0.23 support level
🏷️UN
If 2.65 is not held, it may fall back to around 2.35.
🏷️TREES
0.0097 is the highest expected level 0.0083 is an important support level
🏷️WIF
2.4 is an important support level, if it does not break, it will hit 2.8
Broken 2
2.8 is a strong pressure point
🏷1000SATS
0.0033 is the key pressure point
If the cost is around here and you lose 20 points, you can consider changing and reducing your position. If you don't have much bullets, after all, the counterfeit stocks have fallen several times in this round.
When 1000SATS rebounds to near the cost, reduce the position, and reduce the proportion of long-term positions after reducing the position. The fluctuation is too large and most people cannot bear it.
🏷1000RATS
0.13 is too high, 0.15 and 0.18 are the strong pressure points
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 short-term double top of 6.5, 5.8 is an important support level, breaking the weak
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: 6.15 6.3
Support: 5.8 5.6
🏷️YUP
1.1 Highest in line with the cognitive social theory of 1.1 strong pressure level
🏷BNB
The highest is 605 and the compliance with 614 is a strong pressure level
Can you believe it?
On Earth, when BNB is around 200, Cognition Society exclusively reminds you to invest in BNB between 210 and 180
Support: 580 570
Pressure level: 600 605
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?