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🔹Reviews of Cognitive Society
On May 18, Bitcoin soared to 67,300, which is a big difference from the pressure point of 68,500 in the article of Cognitive Society yesterday.
On May 17, Bitcoin fell back to the lowest point of 64,600 and was close to the support level of 65,000 in the article of Cognitive Society yesterday.
On May 16, Bitcoin surged to 66,800, which coincides with the pressure point of 67,000 in the article of Cognitive Society yesterday.
Although Bitcoin is trapped near 67,000, the decline is a bit scary. It has risen so much, but it only dropped 1 point in one day. This is very exaggerated. The answer can be known from the data of Bitcoin spot ETF:
Bitcoin spot ETF had a total net inflow of US$222 million yesterday, marking the fifth consecutive day of net inflow.
It's almost 1 billion US dollars in these five days, how can it drop much?
Going with the flow is the way to go
Bitcoin is so strong that those who go short against the trend are all fools. It's not that it won't fall, but a small drop of 2 points compared with a big positive line is not cost-effective at all.
Various indicators of Bitcoin's daily line are recovering. For example, the daily MACD has been positive for more than ten consecutive days. The price of Bitcoin has gradually stabilized and is above the 60-day moving average of the daily line.
If Bitcoin fails to break the key support level of 64,500, it will repeatedly hit the pressure level. Ethereum and altcoins will both have opportunities to fall back.
When Bitcoin was sprinting, the selling pressure at 68,000 was not very strong, and 72,000 to 80,000 were strong pressure points. Even though the buying of Bitcoin spot ETF was very strong, Cognition Society still believed that the possibility of stabilizing at once was extremely small.
It is a waste of time and energy to study the lowest point in the bottom area, and it is even more impossible to go all in at the lowest point. When it is like near8, you will not care whether the cost of near is 1.8 or 1, both are huge profits. But if it drops from 1.8 to 1, it is also a loss of dozens of points.
Every plunge in Bitcoin and Ethereum is an opportunity, so keep an eye on it. For most altcoins, April 14 is likely to be the historical bottom.
SUN
Super strong, if it does not break 160, it will slowly climb. It is strange that the SOL ecosystem did not follow the rise, which is very weak.
DOGE, JTO, TNSR...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
Bitcoin spot ETF had a total net inflow of US$222 million yesterday, marking the fifth consecutive day of net inflow.
📍Interpretation of Cognitive Society: The incremental funds of 200 to 300 million US dollars a day are also absolutely
Tether’s holdings of U.S. Treasuries surpass Germany’s, ranking 19th in the world
According to Cryptoslate, Tether's comprehensive financial data for the first quarter of this year showed that as of March 31, its direct and indirect holdings of U.S. Treasuries were worth as much as $91 billion. At the same time, the company also held $5.4 billion worth of Bitcoin. According to the Treasury Department's data in March, Tether is the 19th largest holder of U.S. Treasuries among sovereign states, between South Korea and Germany. In response, former House Speaker Paul Ryan called for the regulation of stablecoins because Tether's holdings of U.S. Treasuries support the digital fortress of the U.S. dollar.
📍Cognition Society Interpretation: TETHER's profits will be the long-term driving force for Bitcoin's rise.
DTCC, Chainlink and several major US financial institutions complete pilot to accelerate fund tokenization
According to a report released on Thursday, the Depository Trust & Clearing Corporation (DTCC), the world's largest securities settlement system, has completed a pilot project with blockchain oracle Chainlink (LINK) and several major U.S. financial institutions to help accelerate the tokenization of funds. The Smart NAV project aims to establish a standardized process for introducing and disseminating fund net asset value (NAV) data on almost any private or public blockchain using Chainlink's interoperability protocol CCIP. Market participants include American Century Investments, Bank of New York Mellon, Edward Jones, Franklin Templeton, Invesco, JPMorgan Chase, MFS Investment Management, Mid-Atlantic Trust Company, State Street Bank and U.S. Bancorp.
📍Interpretation of Cognitive Society: LINK is a real value coin, and the key to whether it can lead is 17
The total amount of Ethereum beacon chain staked exceeds 32.6 million ETH
Dune data shows that the total amount of Ethereum beacon chain staked is 32,604,101 ETH, and the staked ETH accounts for 27.2% of the total ETH supply. Among them, the stake share of the liquidity staking protocol Lido reached 28.64%.
📍Interpretation of Cognitive Society: Ethereum staking is a positive as well as a knife for the SEC
🔹Summary: Bitcoin is in a strong trend. When it falls back, pay attention to Ethereum and strong altcoins.
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 19 short-term data
🏷Bitcoin
Support: 65500 64500
Pressure level: 68500 72000
🏷Ethereum
Too timid, 3200 3400 is the strong pressure point
On May 17, Ethereum hit the lowest point of 2922, which coincides with the support level of 2940 in the article of Cognitive Society yesterday.
On May 16, Ethereum fell back to the lowest point of 2931, which coincided with the support level of 2940 in the article of Cognitive Society yesterday.
When the price falls, arrange the long-term position of Ethereum in batches
Pressure level: 3180 3280
Support: 3060 3000
🏷LINK
New value, new RWA leader, you can configure it when it falls back to around 15
🏷 him
Push hard for 8.3
Support: 7.7 7.5
Pressure level: 8.3 8.8
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.
🏷️BLUR
Want to stand firm 0.4 0.43
Cognition Society believes that BLUR's sharp drop can be used to allocate some long-term investments in batches
🏷OP
Short-term trapped at 2.7, the real strong pressure level is 3
Cognition Society was the only one who reminded us to upgrade Cancun when the OP bottom was around 1.3.
Pressure level: 2.7 2.9
Support: 2.4 2.3
🏷 AI
If the price falls back to around 1, you can invest regularly if the price drops sharply.
1 0.9 is an important support level 1.1 1.2 is a pressure 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
🏷NEAR
7.8 is the key support level. If it is not broken, it will reach 8.5.
Broke 7.4
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: 8.4 9
Support: 7.8 7.6
🏷NFP
0.45 0.43 is the support level 0.5 0.53 is the strong resistance level
Every time NFP plummets, you should allocate some and pay attention to the new batch of coins that Cognitive Society pays attention to in the long term
🏷1000SATS
0.3 is grinding, but 0.35 and 0.4 are strong pressure points.
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 is the friction level, 0.18 is the critical pressure level
In case RATS plummets, pay attention to it in batches, and 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
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
🏷BNB
560 is expected to rebound if it does not break
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: 570 560
Pressure level: 585 590
🏷CRV
family
🏷ARB
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
🏷️
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?
