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#美国以太坊现货ETF开始交易 #比特币大会 #eth #sats
🔹Reviews of Cognitive Society
Bitcoin fell back to a minimum of 63,300 on July 25, close to the support level of 64,000 mentioned in yesterday’s article.
Bitcoin fell back to the lowest level of 65,600 on July 24 and the support level of 65,800 mentioned in yesterday’s article.
Bitcoin fell back to a low of 65,900 on July 23, which coincides with the support level of 65,800 mentioned in yesterday’s article.
The double pressure of the selling in Mentougou and the expected selling by the US government has caused Bitcoin to fall to 63,300, which is expected. In fact, Bitcoin has been in a strong consolidation. The US plummeted some time ago, the German government sold tens of thousands of Bitcoins, and Mentougou sold more than 100,000 Bitcoins. With the continuous real selling pressure, Bitcoin has fallen so much, which is definitely very strong.
The key pressure point for Bitcoin's rebound is 65800 - 67500. If Bitcoin's rebound cannot stand at 65800, it will repeatedly test the bottom. Coupled with Grayscale's strong selling of Ethereum, the short-term trend is still weak, and a sharp drop is an opportunity.
Bitcoin fell back to 63000, 62000 is the short-term support level.
🔹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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Bitcoin spot ETF had a total net inflow of US$73.0454 million yesterday, continuing its net inflow for 4 consecutive days
📍Cognition Society Interpretation: Bitcoin relies on Bitcoin spot ETF to maintain its price, and Bitcoin spot ETF relies on BlackRock to resist.
The U.S. Treasury Department released the 2025 crypto tax system, and the rules related to DeFi and non-custodial wallet providers were temporarily shelved
The U.S. Treasury Department's Internal Revenue Service released the 2025 cryptocurrency transaction tax system, which aims to establish filing rules for digital asset brokers, but the relevant rules for DeFi and non-custodial wallets have been temporarily shelved. The agency believes that mainstream crypto platforms that handle the "vast majority" of transactions can no longer wait for rules, but other issues require more research and will formulate corresponding rules "later this year."
The newly released tax rules will take effect for transactions starting in 2025 and require brokers to closely monitor the cost basis of customer tokens starting in 2026. The new rules for cryptocurrency brokers require trading platforms, custodial wallet services, and digital asset exchange platforms to submit disclosures about customer asset changes and gains. These assets will also include (in very limited circumstances) stablecoins such as USDT, USDC, and high-value NFTs, although the IRS has explicitly refused to resolve the long-standing debate over whether tokens should be considered securities or commodities.
Under the new rules, the IRS will not require reporting of most routine stablecoin sales and sets an annual threshold of $600 for NFT gains, which must be reported.
📍Interpretation of Cognitive Society: The sooner DEFI monitoring is implemented, the better.
Traders expect the Fed to cut rates by 25 basis points in September, November and December
Fed policymakers are expected to keep interest rates at 5.25%-5.50% next week and not begin cutting rates by 25 basis points in a row until September, as the latest data showed the economy regained momentum last quarter. Before the data, traders were pricing in about a 9% chance of a Fed rate cut next week, but that dropped to below 7% after a government report showed the economy grew 2.8% last quarter, faster than expected and twice as fast as the first quarter of the year. The reacceleration of the economy "should help ease concerns about the sustainability of the expansion and quell talk that the Fed will need to cut rates in July," wrote Ryan Sweet, an analyst at Oxford Economics. Traders continue to expect the Fed to cut rates by 25 basis points in September, November and December, while also reducing bets that the Fed could cut rates further. Previously, traders saw about a 21% chance that the Fed would cut rates by more than 25 basis points before its September meeting, which has now fallen to about 15%.
📍Interpretation of Cognition Society: Don’t dare to expect three interest rate cuts this year.
JD.com: Will issue a stablecoin based on a public blockchain in Hong Kong and pegged to the Hong Kong dollar at a 1:1 ratio
On July 24, according to Cailianshe, JD.com will issue a cryptocurrency stablecoin in Hong Kong that is pegged to the Hong Kong dollar at a 1:1 ratio. According to the official website of JD Technology Group's subsidiary JD Coinlink Technology (Hong Kong), JD Stablecoin is a stablecoin based on a public chain and pegged to the Hong Kong dollar (HKD) at a 1:1 ratio. It will be issued on a public blockchain, and its reserves are composed of highly liquid and credible assets. These assets are safely stored in independent accounts of licensed financial institutions, and the integrity of the reserves is strictly verified through regular disclosures and audit reports. Previously, on July 18, the Hong Kong Monetary Authority announced the list of participants in the "sandbox" for stablecoin issuers, including JD Coinlink Technology (Hong Kong).
📍Cognition Society Interpretation: It is very important because many wealthy people in mainland China are likely to buy this stablecoin.
🔹Summary: Bitcoin 63000 60000 is an important support level. 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: 63300 62000
Pressure level: 65800 66666
🏷Ethereum
Grayscale's selling force is a bit exaggerated, selling 100,000 ethers every day. Although institutions will switch to BlackRock Fidelity, the market pressure is huge.
Grayscale is estimated to need 3 months to sell. The selling pressure is the greatest in the first month. Wait for the chips to be exchanged.
A sharp drop in Ethereum is an opportunity to enter the market
Deploying Ethereum is the core strategy.
Pressure level: 3180 3240
Support: 3100 3000
🏷LINK
Break 13.4 and become weaker 12 11 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
Control positions, because UNI’s profit distribution requires new proposals to be strong, such as buying back UNI with profits and then destroying it
Breaking 7.3 weakness, 6.8 is the key support level
Pressure level: 7.4 7.7
Support: 7 6.8
🏷️BLUR
The weak 0.17 has no rebound
🏷OP
1.6 1.4 support level
Cognition Society was the only one who reminded us to upgrade Cancun when the OP bottom was around 1.3.
Pressure level: 1.8 1.9
Support level: 1.6 1.5
🏷️SUN
Repeated battles around 170
🏷CRV
The 0.25 rebound is so weak.
🏷️UN
Although the price fell back on 2.8, it rebounded very quickly because some founders wanted to issue new MEME coins.
3 is a strong pressure level 2.5 is a key support level
🏷️TREES
0.0077 0.007 support level
🏷️WIF
The lowest level of 2.4 is expected, 2.4 is an important support level, if it does not break, it will reach 2.8
Broken 2
2.8 is a strong pressure point
🏷1000SATS
The fluctuation is a bit too exaggerated. 0.00032 dropped to 0.00024 and then rebounded to 0.00032. Strictly control the position and pay attention to the sharp drop.
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 bottom
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: 5.5 5.7
Support level: 5.25
🏷️YUP
Those who left around 1.1 are
0.93 0.88 support level attention
On July 25, JUP fell back to the lowest point of 0.93, which coincided with the support level of 0.93 in the article of Cognitive Society yesterday.
🏷BNB
550 is the key support 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: 555 545
Pressure level: 580 600
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?
