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🔹Reviews of Cognitive Society
Bitcoin super strong consolidation
On May 7, Bitcoin fell back to the lowest point of 62700, which coincided with the support level of 62800 in the article of Cognitive Society yesterday.
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 repeatedly held 62800 and rushed to 64400. Although the rebound did not reach the expectations of the cognitive society, the retracement without breaking 62800 was already very strong.
If Bitcoin wants to sprint to its previous high, the biggest resistance is around 66,800. Cognition Society insists that if the altcoin wants a super-strong rebound, the most ideal state of Bitcoin is a sideways fluctuation between 60,000 and 66,000. Both a sharp drop and a sharp rise are not conducive to the take-off of the altcoin.
Bitcoin plummets, market panics, counterfeit coins are unlikely to surge
Bitcoin skyrocketed, market funds make it difficult for copycats to go too far
If there is a negative news, it is a good opportunity for Bitcoin to drop sharply to around 59,200, because Bitcoin has been rising for more than a year and has only dropped once to 56,600. Isn’t this a bit too exaggerated? Bitcoin spot ETF supports the price of Bitcoin, so a sharp drop is an opportunity, don’t panic.
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 65000 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 value of 160 is in line with expectations. 160-165 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.
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🔹 Daily Coin News Interpretation
After the U.S. stock market opens tonight (May 7), the custodial addresses of these ETFs are expected to have a net inflow of about 3,435 BTC. Among them, eight ETFs including Fidelity (FBTC) have a total inflow of about 3,435 BTC. Currently, these eleven BTC spot ETFs hold a total of 824,419 BTC, worth about US$52.09 billion.
📍Interpretation of Cognition Society: It is difficult for Bitcoin to fall too much, and the buying of Bitcoin spot ETF is too strong.
The SEC has delayed its decision on Invesco Galaxy’s Ethereum ETF application until July 5. (Cointelegraph)
📍Interpretation of Cognitive Society: Postponement is not rejection, and it may be passed in the second half of the year
US SEC Chairman: Many Cryptocurrencies Are Securities Under the Law
After sending the Wells notice to Robinhood, SEC Chairman Gary Gensler said many cryptocurrencies are securities under the law, but investors are not getting the disclosures required or needed.
U.S. CFTC Chairman: Expect a wave of cryptocurrency enforcement actions in the next two years
Rostin Behnam, chairman of the U.S. Commodity Futures Trading Commission (CFTC), said at the Milken Institute’s 27th Annual Global Conference that as retail investor interest and the value of crypto markets rise, so too will enforcement actions. He expects the next “enforcement action cycle” to occur in the next six months to two years.
“From my perspective as a regulator, we’re likely to see another cycle of enforcement actions over the next six to 18 months or six to 24 months, and that’s because of this cycle of asset appreciation and retail investor interest,” Behnam said. “If there’s no regulatory framework, if there’s no transparency, if there’s no tools that we normally use as regulators, you’re going to continue to see this fraud and this manipulation.”
Behnam was asked during Monday’s discussion about the likelihood of a stablecoin bill getting done. “If we start putting a percentage, I still think it’s pretty low,” Behnam said, citing the reduction in legislative days in Congress between election season and the holidays.
He added: "There's a lot of momentum, there's a lot of desire, and I think there will be efforts from both parties and leadership, but it's very difficult to get legislation done these days." (The Block)
📍Interpretation of Cognition Society: The biggest obstacle in the crypto industry in the past 24 years is the SEC
🔹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 8 short-term data
🏷Bitcoin
Support: 62800 62000
Pressure level: 64800 66800
🏷Ethereum
Ethereum's pullback to 3020 is too weak.
On May 7, Ethereum fell back to the lowest point of 3025 and the support level of 3050 in the article of Cognitive Society yesterday was close to the same level.
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: 3120 3200
Support: 3040 3000
🏷 him
8.3 Key pressure points
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
Disclaimer: The K-line data analysis provided by Cognitive Society does not represent any position, nor does it collect a penny from any project party.
🏷️BLUR
0.43 pressure level
0.38 0.36 support level
🏷LINK
The high position can be taken back
14 13 support level
15.2 16 pressure level
🏷OP
2.5 is the key support level
Cognition Society was the only one who reminded us to upgrade Cancun when the OP bottom was around 1.3.
Pressure level: 2.9 3
Support level: 2.7 2.5
🏷 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.
Reduce positions near the cost of 1000RATS, 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 coins that Cognitive Society pays attention to in the long term
Cognitive Society is very optimistic about the future and value of DYDX, which can be followed in batches
🏷BNB
Push to 600 again, but 620 is the strong pressure point
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
The highest is 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
The Korean exchange is too strong. Don’t chase high prices.
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: 7.6 7.8
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?
