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🔹Reviews of Cognitive Society
On May 2, Bitcoin hit a second bottom of 56,700 and then rebounded to 59,400.
The key pressure point for Bitcoin's rebound is 59400-61000. Normally, it is unlikely that Bitcoin will stabilize at 61000 in one go.
Bitcoin 61000 is an important support level in the early stage. Many people are trapped here. Normally, 59400 and 61000 should be repeatedly fought for.
If Bitcoin cannot stand at 59,400, there will be a need to test the bottom in the future, but Ethereum and altcoins are extremely strong. This shows that when Bitcoin was near its historical high in the early stage, the altcoin market did not dare to buy the bottom when it plummeted.
The consensus in the crypto industry is that Bitcoin is a benchmark, a flag, and a direction, so when Bitcoin is high, no one dares to buy the bottom of the copycat, and a large amount of funds in the Bitcoin market plummeted and flowed into the copycat.
SOL minimum 118 rebound
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
Powell: I don't have much confidence that there will be a rate cut this year. I don't know if inflation will fall enough to cut rates.
Federal Reserve Chairman Powell: I don’t have much confidence that there will be a rate cut this year. I don’t know whether inflation will drop to a level sufficient to justify a rate cut.
Powell hints that unemployment must rise by more than 0.2 percentage points before the Fed will cut rates
May 2, according to the Wall Street Journal, Federal Reserve Chairman Powell said on Wednesday that unexpected weakness in the labor market may prompt the Federal Reserve to cut interest rates. How weak is the job market? Powell believes that the unemployment rate (currently 3.8%) must rise by more than 0.2 percentage points before the central bank will shift its attention away from inflation. Powell said at the latest press conference today, "This must be meaningful and attract our attention, so that we think that the labor market is indeed weakening significantly, and we will respond to it. An increase of two tenths in the unemployment rate may not attract our attention." On Friday, the U.S. Department of Labor will release non-farm payrolls data for April. Economists surveyed expect the unemployment rate to be 3.8%, the same as in March.
📍Interpretation of Cognition Society: If there is no new war or major negative news, the United States will normally cut interest rates by the end of the year.
Bitcoin spot ETFs had a total net outflow of $564 million yesterday, reaching a record high
According to SoSoValue data, the total net outflow of Bitcoin spot ETFs was $564 million yesterday (May 1, US Eastern Time). Grayscale ETF GBTC had a daily net outflow of $167 million yesterday, and the current historical net outflow of GBTC is $17.47 billion.
As of press time, the total net asset value of the Bitcoin spot ETF was US$47.079 billion, the ETF net asset ratio (market value as a percentage of the total market value of Bitcoin) was 4.17%, and the historical cumulative net inflow has reached US$11.217 billion.
📍Interpretation of Cognitive Society: Everyone thinks that big investors can make money by speculating in cryptocurrencies
Main force wins
These are the public main forces also cutting meat at low levels
BNP Paribas, Europe's second-largest bank, has purchased BlackRock's Bitcoin spot ETF
BNP Paribas, Europe’s second-largest bank, disclosed in a 13F filing on May 1 that it had purchased 1,030 units of the BlackRock iShares Bitcoin Spot ETF (IBIT), equivalent to approximately $41,684.
Although the investment is small, it serves as a springboard for the bank in its pursuit of Bitcoin adoption. It is reported that BNP Paribas has $600 billion in assets under management. (CoinGape)
Data: BlackRock Bitcoin Spot ETF IBIT saw its first net outflow, with a discount rate of -1.67%
According to SoSoValue data, Bitcoin spot ETFs had a total net outflow of $564 million yesterday (May 1, US Eastern Time), setting a record high. Yesterday, BlackRock's Bitcoin spot ETF IBIT had its first net outflow, with a daily net outflow of about $36.93 million. It is worth noting that the premium/discount rates of all ETFs (except Hashdex ETF DEFI and Invesco and Galaxy Digital ETF BTCO) are all discounts, among which the discount rate of BlackRock ETF IBIT is -1.67%.
📍Cognition Society Interpretation: The price of Bitcoin is greatly affected by Bitcoin spot ETF.
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🔹Summary: Bitcoin 59400 61000 cannot stand firm and there is another bottom test. At present, it is highly likely that April 14th is the historical bottom area; 24 years is the initial stage of the 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 3 short-term data
🏷Bitcoin
Support: 57000 56000
Pressure level: 60000 61000
🏷Ethereum
Ethereum's pressure level 3030 3100 is the key
Support levels 2800 2700 are key
When the price falls, arrange the long-term position of Ethereum in batches
Pressure level: 3030 3100
Support: 2900 2800
🏷 him
Can't you just be tough for once?
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: 6.8 6.5
Pressure level: 7.4 7.8
BLUR
The minimum of 0.35 is in line with expectations
0.4 0.43 pressure level
🏷LINK
Pressure level: 14 14.6
Support level near 13
🏷1000SATS
0.3 0.34 is a strong pressure point
0.22 0.2 is an important support 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 pressure level
0.1 0.09 support 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
Tank
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
🏷 AI
0.98 1.1 pressure level
Every time AI plummets, you should allocate some and pay attention to the new batch of long-term coins that Cognitive Society is paying attention to.
🏷BNB
Plunge 550 530 support level
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: 550 530
Pressure level: 570 580
🏷NFP
0.39 0.36 support level
0.43 0.48 Pressure 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.
🏷CRV
family
0.48 pressure level
🏷OP
and pepe JTO is the strongest copycat
Cognition Society was the only one who reminded us to upgrade Cancun when the OP bottom was around 1.3.
Pressure level: 2.85 3.1
Support: 2.55 2.35
🏷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 lowest score is 5.7 which is quite strong
When the price of NEAR23 is around 1, Cognition Society is the only one that reminds you to make fixed investments when the price is around 1.3 to 1
Pressure level: 6.3 6.6
Support level: 6 5.8
🏷️
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?