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🔹Reviews of Cognitive Society
On May 1, Bitcoin finally plummeted, with the lowest price at 56,500.
The first weekly top of Bitcoin is confirmed and forms in line with the title of the article published by Cognitive Society on April 29.
Although Bitcoin rebounded from 56,500 to 58,000 or even 59,000, Bitcoin has been consolidating in the range of 58,000 to 70,000 for too long, and the drop below the neckline should not be so small.
The support effect of Bitcoin near 55,000 is good, and the real strong support level should be around 50,000, because 50,000 was a strong pressure level before. Bitcoin's daily and weekly lines have gone bad, so wait patiently for another bottom. A sharp drop is an opportunity, just don't let it fall.
SOL broke 130, weak bottoming out 118 106 is an important support level
WIF, JTO, PEPE...more👉Click to jump to the exclusive hot spot counterfeit trend review of Cognitive Society
🔹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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🔹 Daily Coin News Interpretation
(May 1) After the U.S. stock market opens, the ETF custody address will have a net outflow of approximately 2,731 BTC:
- Outflow: It is estimated that the outflow of four ETFs including Grayscale GBTC is about 2,792 BTC (corresponding to the outflow of US$165.18 million on April 30);
- Inflow: Ark Invest ARKB received approximately 61 BTC (corresponding to an inflow of US$3.6 million on April 30).
Currently, the total number of BTC held by the eleven Bitcoin spot ETFs is: 830,928 BTC (US$49.16 billion).
📍Interpretation of Cognition Society: Bitcoin spot ETF can not only flow in but also out. It is hoped that Bitcoin spot ETF can have a large inflow of more than 50,000.
It is reported that a16z has purchased OP worth about US$90 million in March. This investment is planned to be executed within a two-year vesting period.
According to two people familiar with the matter, venture capital firm a16z purchased approximately $90 million worth of Optimism's native OP tokens in March. The investment will be executed within a two-year vesting period. However, as of now, a spokesperson for a16z has not responded to multiple requests for comment, and a spokesperson for Optimism has not commented specifically on a16z's involvement.
📍Interpretation of Cognition Society: One of the most special things about the past two years is that many major bottom-fishing companies have clear names.
Tether's net profit in the first quarter exceeded US$4.52 billion, a record high
According to data disclosed by TheBlockPro, stablecoin issuer Tether's net profit in the first quarter of 2024 exceeded US$4.52 billion, a record high.
Tether increased its holdings by about 8,900 BTC in Q1, and its current total holdings are 75,353 BTC
Tom Wan, a strategist at 21.co, said on the X platform that in the most recent quarter, Tether increased its holdings by about 8,900 BTC in the first quarter of this year. It currently holds a total of 75,353 BTC (worth about $4.4 billion), accounting for 0.38% of the total supply of Bitcoin.
📍Cognition Society Interpretation: Stablecoin profits will be an important support for the price of Bitcoin. I hope Tether can buy Ether.
10x Research: The average holding price of US Bitcoin spot ETF buyers is about $57,300
10x Research published an article on the X platform stating that it has accurately predicted three major corrections in this bull market. However, this adjustment is different from the past because institutional investors have different risk management methods from most retail traders. According to its estimates, the average entry price for US Bitcoin ETF holders is about $57,300, or even 1%-2% higher, and the current Bitcoin price is approaching this level.
📍Cognition Society Interpretation: Even if the US Bitcoin spot ETF holds billions of dollars, it will still lose money..........
A certain address deposited 101 billion SHIBs to Coinbase. If sold, it would lose $555,000
According to the monitoring of on-chain analyst @ai_9684xtpa, the address 0x9f5...19A60 that established a SHIB position a week ago recharged 101 billion SHIB to Coinbase through a transit address, worth US$2.15 million; if all were sold, a loss of US$555,000 would occur.
📍Interpretation of Cognitive Society: Many people misunderstand that Whales are guaranteed to make money... but they can also lose money
Cognitive Society articles are updated every day
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🔹Summary: Bitcoin is only strong around 50,000. Whether the altcoin can reach the historical bottom depends on the performance of Bitcoin around 50,000. 24 years is the initial stage of the bull market of Bitcoin and Ethereum. Every plunge is an opportunity. The long-term K-line research focuses on Ethereum UNI OP NEAR BLUR and Link Bread.
🔹May 2 short-term data
🏷Bitcoin
Support: 56000 52000
Pressure level: 58000 59000
🏷Ethereum
The lowest price of Ethereum is 2800. If Ethereum fails to reach 2800, the altcoin will have another bottom test. The previous low is the key.
Pressure level: 2980 3020
Support: 2800 2700
🏷 him
The lowest is around 6.4. If Bitcoin hits the bottom again, it is estimated that there will be another bottom.
The 1. More near 1. More OP in the 2023 year of Cognitive Society, and the 0.2 BLUR, 200 BNB, and 5.5 LINK have been trapped and rotten for N months. Many altcoins in 2024 may also be trapped for several months. It is not meaningful to update and play the band at this time. In the next few months, most of the time, everyone will lie flat.
Cognition Society is the only one that reminds the bottom area near UNI4
Support: 6.4 5.6
Pressure level: 7 7.4
🏷️BLUR
0.35 0.32 support level
0.4 0.43 pressure level
🏷LINK
12 11 Support
🏷1000SATS
0.22 0.2 is an important support level
Reduce positions near the cost of 1000SATS, and reduce the proportion of long-term positions after reducing positions. The fluctuation is too large and most people can't stand it.
In case of a sharp drop in SATS, pay attention to it in batches. Here are the new batch of coins that Cognitive Society is paying attention to in the long term.
🏷1000RATS
0.1 0.09 support level
In case RATS plummets, pay attention to it in batches. Here are the new batch of coins that Cognitive Society is paying attention to in the long term.
🏷️1000RATS
Reduce positions near cost, and reduce the proportion of long-term positions after reducing positions. The fluctuation is too large and most people can't stand it.
🏷DYDX
Tank
Every time DYDX plummets, you should allocate some and pay attention to it. The new batch of long-term coins that Cognitive Society pays attention to
Cognitive Society is very optimistic about the future and value of DYDX, which can be followed in batches
🏷 AI
0.84 0.75 support level
Every time AI plummets, you should allocate some and pay attention to it. The new batch of long-term coins that Cognitive Society pays attention to
🏷BNB
520 500 is the 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: 520 500
Pressure level: 560 570
🏷NFP
Tank
Every time NFP plummets, you should allocate some and pay attention to the new batch of long-term coins that Cognitive Society is focusing on.
🏷CRV
family
🏷OP
2.68 2.8 is a strong pressure point
2.3 2 is a strong support level
Cognition Society was the only one who reminded us to upgrade Cancun when the OP bottom was around 1.3.
Pressure level: 2.66 2.8
Support: 2.4 2.3
🏷ARB
0.97 0.9 support level
Don't cut meat
Cognitive Society Earth Exclusive Reminder "ARB" 0.9 below the fixed investment, for example 0.88 0.85 0.82 0.79 0.76 0.73. The actual minimum is 0.74
🏷NEAR
5.3 4.8 is an important support level
When the price of NEAR23 is around 1, Cognition Society is the only one that reminds you to make fixed investments when the price is around 1.3 to 1
Pressure level: 6.2 6.4
Support: 5.6 5.3
🏷️
The high position is taken back, there is not enough time. It may not be updated temporarily in the future. There are too many coins in the state
🔹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.
Mismatch between desire and ability
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?
