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🔹Reviews of Cognitive Society
The US CPI data on September 11 was slightly positive, and the market fell.
It's tough for everyone
Even more confused, the desired benefits never came out
Because the market liquidity is insufficient, money is the driving force of the market's rise and the basis for cashing out, so we need to wait for liquidity and incremental funds after the interest rate cut.
The highest point of Bitcoin's rebound on September 11 was 58,000, which coincided with the pressure point of 58,500 mentioned in yesterday's article. Unfortunately, Bitcoin and Ethereum not only did not surge, but also fell.
The confidence in the market is really scattered. The reason why the rebound of DEFI did not lead to a surge in the market is that AAVE’s increase and trading volume are not enough, and UNI and CRV lack the support of token empowerment.
If the interest rate cut is 25 basis points on September 19, it is expected. If the interest rate cut is 50 basis points, it will exceed expectations. After all, the Fed's expectation management has always been super strong.
Bitcoin's daily line rebounded for so long but is still below the O axis, and the daily MACD is still negative, indicating that the market is still short in the short term, and the suppression of 58500-60,000 is the key.
Wait patiently for spring.
🔹The K-line spirit of cognitive society
Many new fans feel that the articles in Cognition Society do not directly predict the rise or fall of prices, which will affect their fortune. The principle of Cognition Society is to focus on spot trading in a bull market. We do not over-judge the rise or 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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Prometheum opens custody business to institutional clients, supports 6 assets including ETH
Prometheum, a U.S.-registered securities firm, has opened its custody business to institutional clients and will provide trading and settlement services in the near future. It currently accepts Ethereum (ETH), Uniswap (UNI) and Arbitrum (ARB) held by institutional clients, and has added two other tokens: Optimism (OP) and The Graph (GRT).
📍Interpretation of Cognition Society: Unfortunately, the value of coins has not skyrocketed.
Victory Securities: Bitcoin contract holdings on exchanges are at a historical high, indicating that capital remains in the market
Zhou Lele, deputy chief operating officer of Shengli Securities, pointed out in a post that the outflow of over-the-counter Bitcoin ETFs last week was about $706 million, and the outflow of Ethereum ETFs was about $98 million. Despite the outflow of funds, if market sentiment remains positive, it may only be a temporary adjustment rather than a change in the long-term trend; the Bitcoin contract holdings on exchanges are at a historical high, which usually means that capital remains on the market, showing traders' firm commitment to the market. This dynamic of funds may be a sign of market participants' recognition of the current price level and their medium- and long-term optimism for the second half of the bull market.
From a fundamental perspective, the labor market data is contradictory, perhaps due to different statistical calibers. Last week, the number of non-farm payrolls was 142,000, lower than expected, while the unemployment rate was in line with expectations. Since the statistical caliber is household, it is difficult to include immigrants in the sample, so the domestic labor market is likely to be occupied by overseas immigrants. This will affect the market's confidence in the US economy, reduce investors' risk appetite, and is not conducive to risky assets.
📍Interpretation of Cognition Society: Too few Ethereum contract positions.
After the CPI was released, the probability of the Federal Reserve cutting interest rates by 25 basis points in September was raised to 79%.
After the release of lower-than-expected CPI data, the interest rate market increased its bets on the Federal Reserve cutting interest rates by 25 basis points in September, from 65% in the afternoon to 79%, and the probability of a large cut of 50 basis points was only 21%.
📍Cognition Society Interpretation: Why is the United States the world's number one country? Do you care so much about your country's economic data? This is the charm.
🔹Summary: Bitcoin 58,000-60,000 is the key short-term pressure point. Every plunge in Bitcoin is an opportunity for Ethereum to enter the market.
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 54500
Pressure level: 57500 58500
🏷Ethereum
2400 didn't stand firm
A sharp drop in Ethereum is an opportunity to enter the market
Deploying Ethereum is the core strategy.
Pressure level: 2380 2400
Support: 2270 2200
🏷️SUN
Abnormally weak 140 not touched, fell 127
🏷LINK
10.8 resistance level 10 9.2 support level
New value, new RWA leader, the plunge can be configured, cognitive society 22 23 years 5 layout LINK
🏷 him
It’s not that there is a big selling pressure around 7, but it’s a positive news, UNI’s exchange profits are used to buy back coins and then destroyed
Cognition Society believes that if UNI wants to take off, it needs to repurchase tokens with profits and then destroy them.
Pressure level: 6.8 7
Support: 6.5 6.3
🏷️WIF
1.5 1.4 support level
🏷️BLUR
Just stand firm at 0.17 and sprint to 0.2
0.15 support level
🏷OP
1.65 2 pressure level, want to stand firm 2
Cognition Society believes that OP around 1.2 is still worth considering
Pressure level: 1.6 1.8
Support: 1.45 1.4
🏷CRV
0.3 0.33 pressure level
Struggling around 0.27
0.25 support level
🏷️UN
This wave of SOL ecosystem is a bit weak.
2 Struggling Nearby
🏷️TREES
0.0068 is stuck 0.00059 53 support level
🏷1000SATS
Extremely volatile, strictly control positions
0.00027 is the core support level, which is bullish unless it is broken; 0.00034 is the short-term pressure level
🏷1000RATS
Weak
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
4.15 is the key pressure point
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: 4.15 4.3
Support: 3.8 3.6
🏷️YUP
0.69 0.64 support level
🏷BNB
535 is the short-term pressure level
On Earth, when BNB is around 200, Cognition Society exclusively reminds you to invest in BNB between 210 and 180
Support: 510 500
Pressure level: 528 535
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?
