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🔹Reviews of Cognitive Society
On September 16, Bitcoin indeed plunged to around 58,000 due to a top divergence, with the lowest point of 57,500 matching the support level of 57,000 in yesterday’s article.
If Bitcoin holds 57,000, it will repeatedly hit 60,000. If Bitcoin falls below 57,000, it will reach 55,000.
Cognition Society believes that the most significant impact on the market is definitely the interest rate cut on September 19, so it is important to pay attention to the interest rate cut meeting in a timely manner. The first interest rate cut is extremely important.
The important thing is not to imagine that the market will soar immediately after the interest rate cut, but that this is the first time and the first day of the interest rate cut. The interest rate has been cut slowly for 25 years and many times. After a large number of interest rate cuts, the market will have enough liquidity and money, which is the basis of the bull market.
The pressure level for Bitcoin to rebound is 59000 60500, of which 60500 is a strong pressure level.
🔹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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Deutsche Bank: The Fed's rate cut this week will foreshadow the overall rate cut in 2024
Jim Reid, market strategist at Deutsche Bank, said in a note that the size of the Fed's first rate cut will affect the overall rate cuts this year. If the Fed cuts by 25 basis points on Wednesday, Deutsche Bank expects the Fed's forecasts to show a total of 75 basis points of rate cuts this year. If the Fed chooses to cut by 50 basis points, they expect 100 basis points of cuts by the end of the year. There is still uncertainty about how much the Fed will cut this week, with money markets pricing in a 59% chance of a 50 basis point cut and a 41% chance of a 25 basis point cut, according to Refinitiv data.
📍Cognition Society Interpretation: Don’t fantasize about how much the first rate cut can increase. It is the first day of the rate cut. After half a year, the liquidity of the market will slowly recover. There is hope that the liquidity of the market will be sufficient by the Mid-Autumn Festival next year.
CZ may be released from prison next week
According to the official website of the U.S. Federal Bureau of Prisons, the 47-year-old Asian man "CHANGPENG ZHAO" will be released on September 29, 2024, with the registration number: 88087-510. According to a Bloomberg report in June, CZ, the 47-year-old founder of Binance, was identified as prisoner No. 88087-510 and went to a federal prison in California to begin a four-month sentence.
📍Cognition Society Interpretation: Hope CZ will intervene in Binance's new coins.
4E Exchange: Trump was attacked again, and the market reacted calmly
On September 15th local time, Trump was attacked again, but fortunately he was not injured. According to 4E Exchange, after the incident, U.S. stock index futures, the U.S. dollar and crypto markets remained basically stable. According to Polymarket data, Harris’s probability of winning the presidential election dropped slightly by 1% and is currently 50%, which is still slightly higher than Trump’s 49%.
The event occurred during a weekend with low trading volumes and relatively calm markets, but could spark volatility in the foreign exchange market. The market’s current focus remains on the upcoming Federal Reserve meeting on September 17-18.
According to the latest news, the probability of a 50 basis point rate cut has risen to 45%. The expectation fell to single digits at the beginning of last week. U.S. stocks rose for five consecutive days last week. The S&P 500 rose 4.02% in total, just 0.7% away from its historical high; the Nasdaq rose 5.95%; and the Dow rose 2.6%, only about 0.5% away from its previous high.
4E Exchange is a financial trading platform that supports cryptocurrencies, stock indices, bulk gold, foreign exchange and other assets. It is the platinum sponsor of Token2049 in 2024. As the Federal Reserve meeting approaches, 4E reminds users to pay attention to market volatility risks and allocate assets reasonably.
📍Interpretation of Cognitive Society: Exceeding the number of times does not make much sense.
Today, Tether issued 1 billion USDT on Ethereum at only 46 cents
According to Arkham monitoring, Tether only spent 46 cents to issue 1 billion USDT on Ethereum today. According to Tether's official data, as of press time, the net circulation of USDT is $118,785,164,536.89.
Earlier news, at 13:50:47 Beijing time today, Tether Treasury minted 1 billion USDT on the Ethereum chain. Tether CEO Paolo Ardoino commented that this was an authorized but unissued transaction, which means it will be used as inventory for the next issuance request and on-chain exchange.
📍Cognition Society Interpretation: Shanzhai recovery requires an incremental U.S. of 10 billion to 50 billion.
🔹Summary: Bitcoin 57000 55000 is the key short-term support level. Every plunge in Bitcoin is an opportunity for Ethereum to enter the market.
May 2024 is the mid-term 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: 57000 55000
Pressure level: 59000 60000
🏷Ethereum
.........
A sharp drop in Ethereum is an opportunity to enter the market
Deploying Ethereum is the core strategy.
Pressure level: 2350 2400
Support: 2260 2200
🏷️SUN
FTX sell-off is very weak, no crash, no attention 122 key support level
If, by any chance, FTX sells off a huge amount of SOL, there is a chance that 80% can increase its efforts, and the altcoin will also usher in a surge.
🏷LINK
11.6 is really the highest point, support level is around 10
New value, new RWA leader, the plunge can be configured, cognitive society 22 23 years 5 layout LINK
🏷 him
The whales are selling, and the market has been particularly weak recently. It is possible that there will be good news after the whales sell. 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: 6.6 6.8
Support level: 6.2 6
🏷️WIF
1.4 is the key support level
1.66 1.75 pressure level
🏷️BLUR
0.16 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 1.7
Support: 1.4 1.3
🏷CRV
0.25 is the key support level
🏷️UN
This wave of SOL ecosystem is a bit weak.
Support level near 1.8
🏷️TREES
0.00057 0.00055 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
Weakness: Support around 0.008
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
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: 4.1 4.3
Support: 3.6 3.4
🏷️YUP
0.72 0.67 Support
🏷BNB
Whether it can take off depends on CZ
570 600 is extremely important, the key is whether BNB's weekly line is the second top
On Earth, when BNB is around 200, Cognition Society exclusively reminds you to invest in BNB between 210 and 180
Support: 530 510
Pressure level: 550 560
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?
