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🔹Reviews of Cognitive Society
The difference between the lowest point of Bitcoin on May 11, 60100, and the support level of 60600 in yesterday's article of Cognitive Society is large
On May 10, the highest point of Bitcoin rebound was 63,400, which is close to the pressure point of 62,900 in the article of Cognitive Society yesterday.
On May 9, Bitcoin fell back to the lowest point of 60,500 and was close to the support level of 61,000 in yesterday's article.
On May 8, Bitcoin fell back to the lowest point of 61,700, which coincided with the support level of 62,000 in the article of Cognitive Society yesterday.
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 is trading sideways at a weak level near 60,000. Please pay attention and be careful, because this time when Bitcoin reached 60,000, the US Bitcoin spot ETF began to flow out.
Although institutions have money, money doesn’t just come from the wind. Bitcoin has been at 60,000 for two months, and the wind has stopped blowing for two months. Moreover, the buying power of Bitcoin’s spot ETF also needs to be adjusted.
A cautious attitude
Leave some room
After all, if Bitcoin falls back to 56,600 again, Ethereum and altcoins may experience a sharp drop.
There is no need to panic, because studying the lowest point in the bottom area is a waste of time and energy, 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.
Bitcoin is likely to rebound again if it holds 59,400, and the strength of the rebound on May 12 is the key.
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.
SOL 150 155 resistance level 140 135 support level
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
Yesterday (May 10, EST), the total net outflow of Bitcoin spot ETFs was $84.6581 million. Yesterday, the Grayscale ETF GBTC had a single-day net outflow of $103 million.
📍Cognition Society Interpretation: Is Grayscale crazy? Selling so many Bitcoins at around 60,000
U.S. Congress may vote on cryptocurrency bill in late May
On May 11, according to CryptoSlate, Patrick McHenry, chairman of the House Financial Services Committee, said that the U.S. Congress may vote on the 21st Century Financial Innovation and Technology Act (FIT21) by the end of May. FIT21 will give the CFTC jurisdiction over cryptocurrencies and the SEC jurisdiction over cryptocurrencies offered in investment contracts. FIT21 also sets rules for companies that must register with the SEC and CFTC, including requirements for customer disclosure, asset protection, and operations. The legislation aims to provide a clear regulatory framework for digital assets and address long-standing market regulation and consumer protection issues. It is reported that FIT21 is the most comprehensive cryptocurrency legislation passed by a congressional committee to date and an important milestone in digital asset regulatory legislation.
📍Cognition Society Interpretation: The US Congress has really begun to legislate for the encryption industry.
Wells Fargo holds Grayscale GBTC position
On May 11, according to Bitcoin Magazine, in a document submitted to the U.S. Securities and Exchange Commission (SEC) on May 10, Wells Fargo, the third largest bank in the United States, disclosed that it holds 2,245 shares of Grayscale GBTC. In addition, Wells Fargo also holds a small amount of shares in ProShares BITO and Bitcoin ATM supplier Bitcoin Depot.
📍Interpretation of Cognitive Society: When will Grayscale be sold out?
82% of Ethereum’s transaction activities occur on Layer 2 such as Arbitrum
On May 11, Haun Ventures partner Sam Rosenblum shared data on the X platform, saying that currently 82% of (transaction) activities in the Ethereum ecosystem occur on Layer 2 such as Arbitrum, Optimism, and Base.
📍Interpretation of Cognitive Society: UNI ranks first, ARB ranks second, both are working hard but not increasing.
🔹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;
🔹5🈷️11 short-term data
🏷Bitcoin
Support: 60000 59300
Pressure level: 62900 63800
🏷Ethereum
The minimum of 2874 is consistent with the expected
On May 11, Ethereum fell back to the lowest point of 2874, which coincided with the support level of 2880 in the article of Cognitive Society yesterday.
On May 10, the highest point of Ethereum rebound was 3060, which was close to the pressure point of 3030 in the article of Cognitive Society yesterday.
On May 9, Ethereum fell back to the lowest point of 2930 and was close to the support level of 2900 in the article of Cognitive Society yesterday.
On May 8, Ethereum fell back to the lowest point of 2980 and was close to the support level of 3000 mentioned in yesterday's article of Cognitive Society.
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: 2960 3030
Support: 2880 2810
🏷 him
Support: 7 6.8
Pressure level: 7.4 7.6
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 at 0.43
If there is a negative impact and the price drops sharply by 0.33, it will be perfect.
0.37 0.34 support level
🏷LINK
13.4 12.8 support
🏷OP
2.5 is the key support level
2.7 2.9 Pressure level
Cognition Society was the only one who reminded us to upgrade Cancun when the OP bottom was around 1.3.
Pressure level: 2.65 2.75
Support level: 2.5 2.4
🏷 AI
Want to stand firm at 1.25
1.2 Pressure Level 1.05 Support 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
Don’t chase after the pullback after the good news
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: 7.3 7.5
Support level: 7 6.8
🏷NFP
Want to stand firm at 0.53
0.43 0.39 support 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
0.3 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
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: 580 572
Pressure level: 600 610
🏷CRV
family
0.48 pressure level
🏷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
🏷️ ENS
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?