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🔹Reviews of Cognitive Society
On May 24, the highest point of Bitcoin rebound was 69,600, which was close to the pressure point of 69,200 in the article of Cognitive Society yesterday.
No update on May 23
On May 22, Bitcoin fell back to the lowest point of 69100 and was close to the support level of 68500 in the article of Cognitive Society yesterday.
The highest point of Bitcoin rebound on May 21st was 72,000, which coincides with the pressure point of 72,000 in the article of Cognitive Society yesterday.
On May 20, Bitcoin fell back to the lowest point of 65,800, which coincided with the support level of 65,800 in the article of Cognitive Society yesterday.
The small rebound of Bitcoin is not the focus of the market. Everyone is paying attention to the explosion of Ethereum and Ethereum ecosystem.
When the Ethereum spot ETF was approved, Ethereum was the first to surge. The pledge sector in the Ethereum ecosystem should be the strongest linkage, such as ETHFI LOD. Institutions will not buy other Ethereum ecosystems, but the market funds have been transferred. It is like Bitcoin has continued to rise for a year and a half, but the recent Bitcoin ecosystem has fallen three times.
There are still many differences between the Ethereum ecosystem and the Bitcoin ecosystem. Therefore, after the Bitcoin spot ETF was approved, institutional funds have hardly provided funds to the Bitcoin ecosystem. It is all a game of capital stock in the market.
Many Ethereum ecosystems can directly benefit from the rise of Ethereum. Typically, the rise in Ethereum prices will increase pledges, which is meaningful for the DEFI sector and also brings direct fee income to the second-layer protocol.
If Bitcoin can drop slightly and fluctuate sideways for a period of time to give the copycats time and space, the Ethereum ecosystem will drive the copycats to explode. Why don't we want Bitcoin to skyrocket? After all, there is not much incremental capital in the market, and the surge in Bitcoin will absorb most of the capital, leaving little room for copycats.
Bitcoin 70,000 is a short-term pressure point, and the real strong pressure point is 72,500 78,000.
Pay attention to Ethereum when it is low, and the Ethereum ecosystem is the core strategy.
SUN
If a third spot ETF is to be adopted, it will probably be similar to UNI SOL LINK XRP, and the time will be 25 years or the next bull market.
🔹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
Spot Bitcoin ETF has seen net inflows for 10 consecutive days
The weekly increase in US Bitcoin spot ETF holdings has exceeded 10,000 BTC for two consecutive weeks
HODL15Capital disclosed data on the X platform, showing that before the IBIT data was released yesterday,
1. The US Bitcoin spot ETF increased its holdings by more than 12,000 BTC this week;
2. The weekly increase in holdings of the US Bitcoin spot ETF has exceeded 10,000 BTC for two consecutive weeks;
3. The amount of BTC held by the US Bitcoin spot ETF hit a record high.
📍Interpretation of Cognition Society: I hope that Ethereum spot ETF can also have so much incremental funds, because after all, we have a large position in Ethereum and Ethereum sequence.
Bank of America: Various factors support the Fed's interest rate cut in December
Bank of America sees upside risks to inflation due to strong services spending, a still tight labor market and an uncertain fiscal outlook. Even though the PCE inflation measure has been gradually approaching the target, the resilience of US economic growth and the positive output gap make any monetary easing look premature. This supports our view that the easing cycle started in December. The impact and uncertainty surrounding the US election may be another reason why the US does not want to cut interest rates early.
📍Interpretation of Cognition Society: Cognition Society is more eager for an interest rate cut in October, as December is too long.
State Street plans to bring ETFs to 401(k) market
State Street's Anna Paglia plans to push ETFs into the U.S. 401(k) retirement system. State Street's chief business officer Anna Paglia said in an interview with Bloomberg TV that State Street is working closely with regulators, investors and plan sponsors to overcome technical and regulatory barriers to get ETFs into 401(k) plans. She believes ETFs can play an important role in retirement portfolios, even though the current 401(k) system relies mainly on mutual funds. Paglia joined State Street in February this year and was previously the global head of ETFs at Invesco. She firmly believes that the low cost and tax efficiency of ETFs are its advantages, even though capital gains taxes do not apply to 401(k)s and intraday liquidity is not necessary in retirement accounts.
📍Cognition Society Interpretation: 401 is an American retirement fund, which contains a lot of money.
The Uniswap Foundation will launch an on-chain vote at the end of this month to reward UNI holders who have staked and delegated tokens
The Uniswap Foundation announced on the X platform that it will launch an on-chain vote on May 31 to upgrade the protocol so that its fee mechanism can reward UNI token holders who have staked and delegated their tokens. Users who participate in voting on this proposal must delegate UNI to themselves or a third party before the voting begins.
It is reported that if you hold UNI but do not delegate in time, you will not be able to vote. If the vote is passed, it will propose to further simplify the fee setting process, improve efficiency, reduce governance burden, and maintain neutrality. In addition, the Uniswap Foundation also stated that the contract has passed three audits and no major problems have been found. The code base covers a $1 million bug bounty program.
📍Interpretation of Cognitive Society: Eager for UNI proposal to be passed, but also afraid of UNI being passed on SEC day.
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🔹Summary: Every time Bitcoin falls back, it is an opportunity for Ethereum to enter the market
There is no destructive negative news. Bitcoin 56600 is likely to be the bottom area of the third historical bottom. At present, it is likely that April 14th is the historical bottom area. Bitcoin 56500 is likely to be the bottom area;
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;
🔹May 26 short-term data
🏷Bitcoin
Support: 67500 66500
Pressure level: 69900 72000
🏷Ethereum
The short-term direction will be chosen soon
A sharp drop is an opportunity to enter the market
Planning Ethereum Spot ETF
Pressure level: 3780 3850
Support: 3680 3600
🏷LINK
If the price falls back but does not break 16.6, it will slowly rise. The pressure around 18 is the key in the short term.
New value, new RWA leader, you can configure it when it falls back to around 15
🏷 him
Great news, take off 11
13 is a strong pressure point
If UNI tokens enjoy profits, they will skyrocket, but they are almost securities, and it is difficult to hope for spot ETFs
Pressure level: 12 13
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
Stuck at 0.46; if it does not break 0.42, it will slowly become stronger
Support level: 0.42 0.4
Cognition Society believes that BLUR's sharp drop can be used to allocate some long-term investments in batches
🏷OP
I don’t understand why it’s so weak
Cognition Society was the only one who reminded us to upgrade Cancun when the OP bottom was around 1.3.
Pressure level: 2.7 3
Support level: 2.4 2.3
🏷️
Every time Vitalik Buterin calls for a surge, the price can be configured to plummet
🏷 AI
1 is the key support level 1.2 is the strong pressure level
You can invest regularly if the market drops sharply
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
Super strong 8.3 8.6 pressure level
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: 8.3 8.6
Support: 7.9 7.7
🏷NFP
The 0.5 pressure level is consistent with the cognitive society
0.45 0.43 is the support level 0.5 0.53 is the resistance level
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.
🏷1000SATS
0.31 0.34 Pressure 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
0.14 0.18 is the 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
Too weak 2.5 is the key pressure point
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: 592 585
Pressure level: 610 630
🏷CRV
0.5 and 0.55 pressure levels
🏷ARB
1.26 is the key pressure point
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
🔹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?
