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🔹Reviews of Cognitive Society
The highest point of Bitcoin's rebound on July 2 was 63,800, which coincides with the pressure point of 64,000 in yesterday's article.
Bitcoin's rebound is still relatively strong, with a short-term small double top of 63850.
What does the Fed Chairman's speech mean? Inflation has fallen, but it still depends on the employment data in July, August and September. At present, the US interest rate cut will still be in September or November.
Don't worry about the cryptocurrency world during this period, as it is too small. Financial institutions in Japan, South Korea, Europe, and the United States are the ones you need to worry about.
As ordinary people, we don’t need to worry about the change in the timing of the US interest rate cut. The political game in the United States is a multi-faceted one. The SEC and the Federal Reserve cannot go too far. After all, there are the president and Congress.
Bitcoin 64000 65000 is a strong pressure point, which should not be stabilized, because if it rushes again, Bitcoin will be close to its historical high point, and the market will not have enough money, which is obviously not a good thing.
The copycat loses 20% near the cost, so reduce the position a little and leave room for maneuver.
There is still some time before the Ethereum spot ETF is open for trading, so every time there is a sharp drop in Ethereum, it is the first thing to consider.
🔹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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US Bitcoin spot ETF continues to have net inflows for 5 consecutive days, with total net asset value of US$54.916 billion
According to SoSoValue data, yesterday (July 1, Eastern Time), the total net inflow of US Bitcoin spot ETFs was US$129 million.
📍Cognition Society Interpretation: The impact of the US Bitcoin spot ETF on the price of Bitcoin is decisive.
U.S. Supreme Court: Trump is immune from criminal prosecution for some actions he took toward the end of his presidency
The U.S. Supreme Court has ruled that Donald Trump cannot be prosecuted for actions within his constitutional powers as president. [Reuters]
📍Interpretation by Cognition Society: This is a normal political game in the United States, and it is generally fine.
Circle: Non-compliant stablecoins will "disappear" from the EU in the short to medium term, and MiCA provisions will have a huge impact like GDPR
Circle officials posted on X that "ultimately, a coordinated approach between the United States, the European Union and other major jurisdictions will be crucial to pave the way for future regulatory recognition and ensure that the emerging Internet financial system is built on rules." In addition, according to an article on the Bretton Woods Committee blog, stablecoins that do not comply with MiCA regulations will "disappear" from the EU market in the short to medium term. Circle previously became the first global stablecoin issuer to be licensed in the EU. Patrick Hansen, Circle's EU Strategy and Policy Director, and Dante Disparte, Chief Strategy Officer, said that with the entry into force of the MiCA provisions, there is reason to expect changes in the coming year. In short, MiCA is to crypto assets as GDPR is to privacy data.
📍Interpretation of Cognition Society: As long as USDT is stable, it will be fine
🔹Summary: Bitcoin 64000-65000 is a strong pressure point. Every time Bitcoin plummets, 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 bottoming out.
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;
🔹Short-term data
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.
🏷Bitcoin
Support: 61500 60000
Pressure level: 63600 64700
🏷Ethereum
Too weak, falling too fast, rising too slow, always instantaneous, it is estimated that the Ethereum spot ETF will be in August
If the Ethereum spot ETF is traded in August, there are still 2 months left
Focus for the next six months
A sharp drop in Ethereum is an opportunity to enter the market
Deploying Ethereum is the core strategy.
Pressure level: 3470 3520
Support: 3380 3320
🏷LINK
The first threshold for stabilization is 15, and the real strong pressure level is 18.6
Why? Because the second round of LINK cost of Cognitive Society is also 15. Hehehe
New value, new RWA leader, the plunge can be configured, cognitive society 22 23 years 5 layout LINK
🏷 him
To stabilize, we must stand firm on 10 and 11
8.4 is an extremely important support level
In fact, UNI did not fall this time
Pressure level: 9.4 10
Support: 8.8 8.5
🏷️BLUR
We escaped at 0.8, but are still stuck at 0.4
Waiting for Spring
Cognition Society believes that BLUR is below 0.38 and some long-term investments should be allocated in batches
🏷OP
2It seems like a long time since...
Cognition Society was the only one who reminded us to upgrade Cancun when the OP bottom was around 1.3.
Pressure level: 1.85 2
Support: 1.66 1.6
🏷️
Cognitive Society thinks that ENS TON should be replaced by Ethereum at this time
🏷ARB
Only when it stands firmly at 0.85 can it avoid a sharp drop, and only when it stands firmly at 1 can it stabilize
Cognition Society believes that the layout below "ARB" 1 is carried out in batches
🏷CRV
0.26 0.23 should have a big rebound
CRV is backed by the main force, and the sharp drop can be watched
🏷️UN
The highest point of JTO rebound on July 2, 2.47, perfectly matches the pressure point of 2.48 in the Cognitive Society article yesterday.
2.48 2.6 Pressure level
2.2 2 Support Level
🏷️TREES
To stabilize, you need to stand firm at 0.0011
0.0093 0.0008 is an important support level
🏷️WIF
The highest point of 2.4 is within expectations. If it falls back but does not break 2, it is considered strong. If it breaks 1.8
🏷1000RATS
Super strong rebound, but this guy rises and falls by multiples.....................
0.15 0.18 is a strong pressure point. If it fails to stand firm at 0.18, it will repeatedly bottom out.
1000RATS rebounds to near cost and reduces positions. After reducing positions, reduce the proportion of long-term positions. The fluctuation is too large and most people cannot bear it.
🏷NEAR
If you want to stabilize, you must stand firm at 5.6
Note that NEAR is a bit weak, don’t touch it unless it is at a high position
Cognitive Society is the most optimistic about NEAR on the planet. NEAR1 has been updating frantically. Now NEAR is ranked behind in the article because it has risen too much. Maybe NEAR may reach 40 in the future, and there is not much room for growth.
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: 5.63 5.8
Support level: 5.2 5
Others, wait for more updates
🔹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.
Desire and ability are not equal
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?
