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🔹Reviews of Cognitive Society
Bitcoin fell back to 62400 and then rushed to 64000, indicating that it is still in the box consolidation and has not yet chosen a direction.
Whether Bitcoin will break through 65,000 or fall below 60,000 at the end of the month is the core of the market, because the closing price of Bitcoin's monthly line directly affects the confidence of the main force of the cottage industry. As long as Bitcoin stabilizes, the cottage industry will have a super-invincible market at the end of the year.
Today, there are continuous strong rebounds of altcoins, such as NEAR TAO. If these altcoins can continue to rise, everyone will feel relieved. After all, after falling for half a year, everyone in the crypto industry is suffering.
The short-term direction should be chosen soon. Bitcoin has too many daily cross stars, and the game between bulls and bears has been very sufficient. The final direction of the market for big funds should gradually become clear.
Cognition Society believes that there are two criteria for whether the counterfeit market can continue to surge:
First: Ethereum stands firmly at 2830, which is a strong pressure level;
Second: We need a leader. For example, TAO is too unknown to lead the market, and MEME is a bit boring. We need a leader like NEAR to take off.
On September 24, Bitcoin fell back to the lowest point of 62400, which coincided with the support level of 62300 in the article of Cognitive Society yesterday.
On September 23, Bitcoin fell back to the lowest point of 62,300, which coincided with the support level of 62,300 in the Cognitive Society article yesterday.
On September 22, Bitcoin fell back to the lowest point of 62,300, which coincided with the support level of 62,300 in the Cognitive Society article yesterday.
On September 21, Bitcoin fell back to the lowest point of 62,300, which is close to the support level of 61,800 mentioned in yesterday's article.
On September 20, the highest point of Bitcoin rebound was 64,100, which was close to the pressure point of 63,500 mentioned in yesterday’s article.
🔹
US spot Bitcoin ETF had a net inflow of $4.53 million yesterday
📍Cognition Society Interpretation: Grayscale sold 30,000 ethers yesterday. It is really not easy for the main ether in the market. BlackRock still likes Bitcoin.
UNI early investors recharged Coinbase with $9.91 million of UNI six days later
According to the monitoring of on-chain analyst @ai_9684xtpa, six days later, an early investor of UNI once again recharged UNI worth US$9.91 million to Coinbase, suspected of selling. The address had received 9 million UNI from the Uniswap project before the token was launched. Since September 13, a total of 3.94 million tokens (about US$26.93 million) have been transferred to the exchange; it currently still holds 5.05 million UNI.
📍Interpretation of Cognitive Society: The UNI whale’s meat-cutting
Grayscale transfers 30,132 ETH, about $79.6 million, to Coinbase Prime
Grayscale address transferred 30,135 ETH, about 79.6 million US dollars, to Coinbase Prime address 6 minutes ago
📍Cognitive Society Interpretation: Grayscale’s sell-off is the biggest enemy
🔹Summary: Bitcoin is strong as long as it does not break 62200. 65000 is the core pressure point in the short term. Every plunge of 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: 62200 60500
Pressure level: 64100 65000
🏷Ethereum
Grayscale continues to sell short-term 2700 2800 to reduce positions
A sharp drop in Ethereum is an opportunity to enter the market
Deploying Ethereum is the core strategy.
Pressure level: 2670 2800
Support: 2580 2500
🏷️SUN
FTX sell-off is very weak, no attention if there is no sharp drop 152 pressure level, continue to rebound if it does not break 141
🏷LINK
12 13.2 is the key pressure point. If it does not break 10.5, we will keep looking for a rebound.
New value, new RWA leader, the plunge can be configured, cognitive society 22 23 years 5 layout LINK
🏷 him
NEAR has rushed, UNI is stuck at 7.1
Cognition Society believes that if UNI wants to take off, it needs to repurchase tokens with profits and then destroy them.
Pressure level: 7 7.1
Support: 6.66 6.5
🏷️WIF
The highest point of 1.96 is expected, 2 and 2.2 are the key pressure points.
🏷️BLUR
0.23 is stuck 0.2 is the short-term support level
🏷OP
1.8 didn't even stand firm
Cognition Society believes that OP around 1.2 is still worth considering
Pressure level: 1.8 2
Support level: 1.6 1.5
🏷CRV
0.31 0.34 is the key pressure point
0.28 is the short-term support level 0.255 is the strong support level
🏷️UN
This wave of SOL ecosystem is a bit weak.
2.4 2.6 Pressure level
2 is the key support level
🏷️TREES
Very weak 0.00072 78 pressure level
0.00062 0.0058 Support
🏷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
0.014 in repeated contention
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
Super strong rebound 5.2 is very important
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: 5.2 5.4
Support: 4.9 4.7
🏷️YUP
0.89 None
0.8 is the key support level
🏷BNB
600 660 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: 590 580
Pressure level: 620 660
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 promote the bull market every day?
