Daily high-quality updates, spend your precious two seconds 👆 click to follow and don’t get lost
🔹Reviews of Cognitive Society
On May 6, Bitcoin fell back to the lowest point of 63,300, which coincided with the support level of 63,000 in the article of Cognitive Society yesterday.
On May 5, Bitcoin fell back to the lowest point of 62,800, which coincided with the support level of 62,500 in the article of Cognitive Society yesterday.
On May 4, Bitcoin surged to 64,600, which is perfectly consistent with the pressure point of 64,600 in the Cognition Society article yesterday.
Bitcoin was sprinting towards 65,500, but the sudden news of war caused Bitcoin to plummet.
Many people find it very strange that during the bull market in 2017 and 2020, Bitcoin skyrocketed every time there was a war, but now Bitcoin plummets every time there is a war?
Same war, same Bitcoin, why the opposite?
Because Bitcoin believers previously claimed that Bitcoin is a safe-haven asset, so after a long period of time, Bitcoin did not have the function of a safe-haven asset.
Now the US dollar rate hike time affects Bitcoin. The war may trigger a rise in crude oil prices, especially since Iran is an important crude oil producer. Once crude oil prices rise, the US CPI is likely to rebound. Once CPI rebounds, the time for interest rate cuts will be postponed, so Bitcoin plummets.
The world is changing, and so is Bitcoin. The only thing that remains unchanged is that things are developing. Look at the world, Bitcoin, and transactions from a developmental perspective.
As long as there is no destructive negative news, the US will cut interest rates at the end of the year. Cognition Society firmly believes that the crypto market will begin to recover at the end of the year. Wait patiently. This is already the darkest moment, but also the best opportunity. Buy at a low price.
Bitcoin rebound pressure level 65400 66600
The support level of Bitcoin's retracement is 62900-62000. Holding 62900 is a sign of strength, and it will repeatedly sprint to 65500.
Although incremental funds have entered the market, it seems impossible for Bitcoin to stabilize at 66,600 in one go, because is the market cleansing after a few days of plunge really sufficient?
It is better to be stuck in a bull market for a few months than to miss out on the bull market.
Every plunge in Bitcoin and Ethereum is an opportunity, so keep an eye on it. From the current perspective, April 14 is likely to be the historical bottom area.
Bitcoin has repeatedly rushed to 65,000. Cognition Society believes that the bull market of Bitcoin and Ethereum that began in May 2024 has reached the middle stage of the bull market and has passed the early preparation stage.
SOL’s highest level of 155 is in line with expectations. 155 160 is the pressure point of SOL, which also affects the entire ecosystem of SOL.
WIF, JTO, PEPE...More 👉Hot copycat trend reviews
🔹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.
——————————————
🔹 Daily Coin News Interpretation
Ripple CTO: Details of Ripple stablecoin will be announced in June
Ripple CTO David Schwartz revealed the company’s upcoming integrations at the recent XRP Las Vegas Conference. He presented information about the XRP Ledger, including AMMs, lending protocols, Ripple stablecoins, and artificial intelligence.
Schwartz noted that details of Ripple’s stablecoin will be announced at the XRPL Apex event in Amsterdam next month. (Cryptonews)
Earlier news, Ripple will issue a stablecoin backed by the US dollar. The company said that the token is planned to be issued "later this year" and will be "100% backed by US dollar deposits, short-term US government bonds and other cash equivalents". The stablecoin will first be deployed on Ripple's institution-centric XRP Ledger and Ethereum blockchain, and will be based on Ethereum's ERC-20 token standard.
📍Cognitive Society Interpretation: Ripple needs to work harder
Solana’s on-chain DEX transaction volume yesterday was nearly $1.1 billion, surpassing Ethereum to rank first
DeFiLlama data shows that the transaction volume of Solana's on-chain DEX on May 5 was US$1.097 billion, surpassing Ethereum to rank first.
In addition, the transaction volume of DEX on the Ethereum chain yesterday was US$998.67 million, ranking second; the transaction volume of DEX on the BSC chain yesterday was US$482.09 million, ranking third.
📍Interpretation of Cognitive Society: This is the reason why JTO is so strong
Bitcoin Rune Regains Dominance in BTC Transactions
Runes have recovered and now account for the lion’s share of transactions on the Bitcoin network.
📍Interpretation of Cognition Society: Only when the market recovers, can Bitcoin’s inscriptions recover
🔹Summary: There is no destructive negative news. Bitcoin 56600 is likely to be the bottom area of the third historical bottoming. At present, it is likely that April 14th is the historical bottom area. Bitcoin 56500 is likely to be the bottom area; May 24th is the mid-term 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 cake;
🔹May 7 short-term data
🏷Bitcoin
Support: 63300 62800
Pressure level: 65300 66800
🏷Ethereum
Ethereum's weekly closing is not as strong as Bitcoin and many hot altcoins, which is incredible
The highest point of Ethereum rebound on May 6 was 3220, which is close to the pressure point of 3200 in the article of Cognitive Society yesterday.
On May 5, Ethereum fell back to the lowest point of 3080, which coincided with the support level of 3080 in the article of Cognitive Society yesterday.
When the price falls, arrange the long-term position of Ethereum in batches
Pressure level: 3180 3230
Support: 3100 3050
🏷 him
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: 7.4 7
Pressure level: 8 8.3
🏷️BLUR
0.43 pressure level
0.4 0.38 support level
🏷LINK
The high position can be taken back
15.2 16 pressure level
🏷OP
Minimum 2.8
Cognition Society was the only one who reminded us to upgrade Cancun when the OP bottom was around 1.3.
Pressure level: 3.1 3.3
Support: 2.8 2.7
🏷 AI
If the price does not break 1.1, it is strong. 1.4 is a strong pressure point.
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
🏷1000SATS
0.3 0.34 is a strong pressure point
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
0.14 0.18 Pressure 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
2.45 is the strong pressure point
Near support level 2
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
🏷BNB
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: 584 575
Pressure level: 605 620
🏷NFP
Want to stand firm at 0.53
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
0.48 pressure level
🏷ARB
This TM can also go sideways. It can only be strong if it stands firmly at 1.25
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
Very strong, rushing to 7.5
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: 7.5 7.7
Support level: 7.2 7
🏷️
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?
