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🔹Reviews of Cognitive Society
On May 26, the highest point of Bitcoin rebound was 69,600, which coincided with the pressure point of 69,900 mentioned in the article of Cognitive Society yesterday.
Bitcoin's high-level sideways fluctuations are not what everyone cares about. The hot spots and meat of the market are all in Ethereum. In the next few months, everyone should pay more attention to Ethereum and Ethereum ecology.
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 been rising for a year and a half, but the recent Bitcoin ecosystem has fallen three times.
Therefore, it is a general trend to pay attention to Ethereum when it is low. Don’t always think that the unit price is high. The increase has nothing to do with the unit price. Is the unit price of Bitcoin high? It does not affect the five-fold increase of Bitcoin.
As long as Bitcoin holds 66,000 in the short term, the decline of Ethereum and altcoins will be very limited. After all, the market is not short of money, but confidence. Ethereum spot ETF has brought great confidence, especially everyone is happy to fantasize about altcoin spot ETF.
The core of finance is stories and expectations. Finance is about expectations.
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.
🔹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
Industry insiders: Factors such as high compliance costs and low local market attractiveness have led many platforms to withdraw their applications for Hong Kong VASP licenses
On May 26, Ming Pao reported that the licensing transition period for virtual asset service providers (VASPs) in Hong Kong will end at the end of this month, and the Securities and Futures Commission will decide whether existing service providers can continue to operate. Recently, many platforms including OKX and VAEX have withdrawn their license applications due to the high compliance costs in Hong Kong and the low attractiveness of the local market. Industry insiders believe that the liquidity and trading currencies of local platforms are not as good as those overseas, and the stricter regulatory conditions are the reasons for the withdrawal of license applications by platforms.
Currently, only two platforms have been licensed by the CSRC, and 18 are in the process of applying. Industry insiders suggest strengthening the tokenization of virtual assets in real-world applications to increase market acceptance and practical use.
📍Interpretation of Cognition Society: Cognition Society repeatedly said that Hong Kong’s determination and strength are too weak.
Over $200 million USDC has been issued natively on the NEAR chain
According to official news, the USDC natively issued by NEAR Protocol exceeds 200 million US dollars.
📍Interpretation of Cognitive Society: Among the most successful projects in the cryptocurrency circle, Ethereum, UNI, NEAR, LINK, ARB, OP, only NEAR has a stable growth, while others are relatively slow.
ZhuSu: Ethereum is expected to dominate the market in the next 90 days
ZhuSu, the former founder of Three Arrows Capital, wrote, “This weekend is an important turning point. Sell off TAO and MKR, buy LDO ($2.48), BLUR ($0.467)
Sell SOL 165 USD / Buy ETH 3800 USD (Exchange rate 0.0434), target below 0.03
Sell BTC 69,200 USD / Buy ETH 3800 USD (Exchange rate 0.055), target 0.07+
I think we’re going to have 90 days of Ethereum-dominated markets.”
📍Cognition Society Interpretation: Because the focus in the next six months to one year.
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.
🔹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 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 27 short-term data
🏷Bitcoin
Support: 67500 66500
Pressure level: 69900 72000
🏷Ethereum
Future Focus
A sharp drop is an opportunity to enter the market
The layout of Ethereum is the core
Pressure level: 3900 4000
Support: 3770 3700
🏷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
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
There are too many people shorting, and they are repeatedly forced to short. Cognition Society reminds the top of BLUR0.8. 0.4 starts to update again
Support: 0.44 0.42
Cognition Society believes that BLUR's sharp drop can be allocated in batches for some long-term
🏷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: 2.45 2.3
🏷️
28 30 pressure level
🏷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
🏷️TNSR
The surge is towards 1.1, but 1.3 is actually the strong pressure point
🏷️SUN
SOL is not a hot spot in the short term, SOL is getting weaker. Pay attention to market changes, Ethereum is the core
SOL does not break 160 and continue to be bullish 170 180 pressure level
🏷️WIF
The highest WIF of 3.25 on May 26 coincides with the pressure level of 3.3 in yesterday’s Cognitive Society article.
On May 25, the lowest WIF level of 2.7 coincided with the support level of 2.7 and 2.5 in yesterday’s Cognitive Society article.
WIF3.2 3.3 pressure level 2.9 2.8 support level
🏷️TREES
On May 26, BOME’s highest point of 0.0133 coincided with the pressure point of 0.0135 in yesterday’s Cognitive Society article.
On May 25, BOME’s lowest point was 0.012, which coincided with the support level in yesterday’s Cognitive Society article.
Bome resistance level 0.0135 0.015 Support level 0.012 0.011
🏷️YUP
The highest JUP on May 26 was 1.18, which coincides with the pressure point of 1.2 in yesterday’s Cognitive Society article.
The lowest JUP level of 1.08 on May 25 coincides with the support level of 1.08 in yesterday’s Cognitive Society article.
JUp resistance level 1.2 1.27 support level 1.08 1
🏷️UN
On May 26, the lowest level of Jto was 3.5, which is consistent with the support level of 3.5 in the article of Cognitive Society yesterday.
On May 25, the lowest price of Jto was 3.5, which is consistent with the support level of 3.5 in the article of Cognitive Society yesterday.
JTO pressure level 3.9 4.1 3.5 is an important support level. If it breaks the weak level 3.3
🏷 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
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: 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
🔹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?