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🔹Reviews of Cognitive Society
Bitcoin's lowest point of 67,200 on May 29 coincides with the support level of 67,200 in yesterday's article.
The highest rebound of Bitcoin was only 69,000 because the buying volume of Bitcoin spot ETF dropped from 200 million to 45 million, and the purchasing power in the market has not increased.
The expected fluctuation of Bitcoin by 2 points is more important for the crypto industry, how to attract retail investors and how to get them to enter the market.
Because the entry funds of institutions are concentrated in Bitcoin and Ethereum, institutions will not buy any copycats. Most of the purchasing power of copycats comes from retail investors, so the key to the take-off of copycats is the entry of retail investors.
The strength of Hong Kong is a bit exaggerated. OK took the initiative to withdraw its application to the Hong Kong Stock Exchange, and it took a full year. This is speechless. Because one of the keys to retail investors entering the market is to lower the entry threshold.
The more legal licenses an exchange obtains, the lower the threshold for retail investors to enter the market. Because if a ladder is needed, complicated registration and deposit are required, and there are terrible withdrawal risks, the entry threshold for retail investors is too high.
In June, as long as the US inflation does not rebound and the US cuts interest rates around October, there are still four months to prepare. If the outbreak occurs one month in advance, there will be about three months to prepare.
Of course, what if you want to know if inflation in the US rebounds? ..............
An ordinary citizen is worried about the rebound of inflation in the United States.....The banking institutions in Japan, South Korea and the United States should be worried. Why should we worry about such a small amount of money...
As long as Bitcoin holds 66,000, it will still be very strong and there is hope for a rebound, but the key is that the Bitcoin spot ETF has long supported the price of Bitcoin, and there seems to be a lack of follow-up in the market, which is not a long-term solution.
Ethereum spot ETF may be officially traded in July or August. If the market wants to continue to rise, it needs new hot spots to connect. After all, the sector rotation in the bull market requires stories, technological progress, and consensus.
For retail investors, a $70,000 Bitcoin is meaningless. It is impossible for everyone to enter the market. When encountering a sharp drop, pay attention to Ethereum. The Ethereum sequence is more meaningful.
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 directly predict the rise or fall of the market, 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 or 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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Tonight, the total net inflow of US Bitcoin spot ETFs was US$45 million, marking the 11th consecutive day of net inflows.
BlackRock's IBIT Bitcoin holdings surpass Grayscale's GBTC, becoming the world's largest Bitcoin ETF
According to HODL15Capital monitoring, BlackRock IBIT's Bitcoin holdings have surpassed Grayscale GBTC. Currently, GBTC holds 287,450 BTC and IBIT holds 288,670 BTC.
📍Cognition Society Interpretation: Bitcoin spot ETF has weak buying in recent days.
Forbes: Bitcoin inflation rate after halving is 75% lower than the current US inflation rate
Bitcoin’s inflation rate after the halving is now 75% lower than current U.S. inflation and 72% lower than gold’s annual issuance.
After the Bitcoin halving in April, the block reward dropped from 6.25 bitcoins to 3.125 bitcoins, which had a significant impact on the cryptocurrency’s issuance rate. Each halving event reduces the supply of new bitcoins, tightening the market supply and potentially increasing the value of the asset over time.
With about 450 bitcoins mined every day, Bitcoin's current inflation rate is about 0.84%, while the latest inflation data for the United States in May was 3.4%. The reduction in Bitcoin's inflation rate is an important milestone, as it is now even lower than the lower limit of gold's annual inflation rate, which is between 1% and 3% per year. Gold mining issuance leads to a 1% increase in supply, while recycled gold is also included in its inflation rate, with an inflation rate of 9% in 2023, resulting in a net increase of 3% in the circulating supply of gold. (Forbes)
📍Cognition Society explains that halving is meaningless, the significance of Bitcoin is the constant quantity.
Uniswap APP downloads exceed 1.5 million
Uniswap’s mobile app downloads have exceeded 1.5 million, making it one of the fastest growing crypto wallet apps on the market.
In-depth interpretation: Cognitive Society’s attitude towards UNI has not changed, but it is necessary to strictly control the position ratio, because UNI is one of the top three projects in the crypto industry.
However, the SEC's affairs still have relative risks. As long as the new US bill is passed, it may become stronger.
🔹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;
🔹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: 67000 66000
Pressure level: 69000 70000
🏷Ethereum
Daily rebound high point declines
The rebound from 3740 is too weak. There are too many people going long. A sharp drop may be needed.
3630 3450 is the key support level
Focus for the next six months
A sharp drop is an opportunity to enter the market
Deploying Ethereum is the core strategy
Pressure level: 3860 3900
Support: 3700 3630
🏷LINK
19.2 20 is the key pressure point
New value, new RWA leader, the plunge can be configured, cognitive society 22 23 years 5 layout LINK
🏷 him
11.8 pressure point suppressed, the key is the immediate voting results
The key to UNI is the token empowerment vote at the end of the month
However, Cognition Society believes that if the new US plan is passed, UNI's decentralization should be recognized, and UNI is likely not a security, which is the most important thing for UNI.
Support level: 10 9
🏷️BLUR
If it does not break 0.4, it is an expected retracement.
Cognitive Society reminds you at the top of BLUR 0.8 and starts to update again at 0.4
Support: 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: 2.64 2.8
Support: 2.48 2.4
🏷️
Good news has landed, don't chase high prices
24 is the key support level
28 is the key pressure point
🏷ARB
1.26 is the fifth highest 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
1.04 0.98 is the key support level
🏷️SUN
SOL is stuck at 180. Whether SOL ecosystem WIF BOME can be strong is very important. It affects SOL ecosystem
Continue to be bullish unless SOL breaks 160
🏷️WIF
3.5 If it is not broken, it can still be pushed forward, but if it is broken, it is weak
On May 29, WIF surged 4.08, a large error
On May 28, the lowest WIF level was 3.14, which coincided with the support level of 3.1 in yesterday’s Cognitive Society article.
The lowest WIF level of 2.9 on May 27 coincides with the support level of 2.9 in yesterday’s Cognitive Society article.
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.
WIF3.95 4.1 pressure level 3.6 3.4 support level
🏷️TREES
The key to strength is 0.0185
On May 29, BOME's highest point was 0.016, which coincided with the pressure point of 0.0165 in the Cognitive Society article yesterday.
On May 28, BOME’s highest point of 0.0155 coincided with the pressure point of 0.016 in yesterday’s Cognitive Society article.
On May 27, BOME’s highest point of 0.0145 coincided with the pressure point of 0.015 in yesterday’s Cognitive Society article.
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 0.0158 0.018 Support level 0.014 0.013
🏷️YUP
If you want to choose a direction, you need to see where 1.08 and 1.2 will break through.
Hold 1.08 and look bullish.
The highest JUP on May 28 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 27 coincides with the support level of 1.08 in yesterday’s Cognitive Society article.
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
If you want to be strong, you need to stand firm 4
On May 28, the lowest JTO was 3.37, which was consistent with the 3.3 expected by the Cognitive Society yesterday.
On May 27, 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.
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 resistance level 3.9 4 3.6 3.4 support level
🏷 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: 7.8 8
Support: 7.5 7.3
🏷NFP
As long as the retracement does not break 0.53, it will gradually become stronger
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
0.34 pressure level is the key
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
0.18 is the key pressure point
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 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: 592 585
Pressure level: 605 620
🏷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?