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🔹Reviews of Cognitive Society
Bitcoin's lowest point on June 1 was 66,600, which is close to the support level of 67,000 mentioned in yesterday's article.
Bitcoin's highest rebound point of 69,000 on May 31 coincides with the pressure point of 69,000 in yesterday's Cognitive Society article.
Bitcoin's lowest point of 67,100 on May 30 coincides with the support level of 67,200 in yesterday's article.
Bitcoin's lowest point of 67,200 on May 29 coincides with the support level of 67,200 in yesterday's article.
Bitcoin is weak and the market is weak. The oversold rebound of the cottage industry has never formed enough hot spots. The inscription hot spots driven by ORDI are just oversold rebounds, and there is no sustained rise. One reason is that the decline is too deep and cannot be reversed by a rebound.
One is that the market sentiment is still uncertain and everyone is worried.
Are you worried that as Bitcoin is near its historical high, will the altcoin market plummet due to a pullback in Bitcoin?
Are you worried that if Ethereum doesn’t continue to rise, will the altcoins chase high prices and get trapped?
The bull market process is also a process of doubt and trend formation. There are costs and risks in every stage of the bull market.
The chips are cheap at the beginning of the bull market, but everyone is skeptical about the bull market.
The second bottom in the middle of the bull market has caused the market to lose confidence again, and cheap chips are slowly rising in the trend.
As long as US inflation does not rebound, the US rate cut will probably be around October, and the bull market will be stronger by then.
Bitcoin fluctuates between 65,700 and 70,000. If the rebound fails to stabilize at 70,000, the market will plunge again in the future. If it fails to stabilize after the bottoming out, it means that the market sentiment has not been formed in the bottoming out.
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.
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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Biden vetoes resolution to repeal SEC crypto asset accounting standard SAB 121
U.S. President Joe Biden has vetoed a resolution that would have overturned the U.S. SEC’s controversial crypto-asset accounting standard, SAB 121. “Overriding the considered judgment of the SEC staff in this manner could undermine the SEC’s broader authority over accounting practices,” he said in an official statement on May 31.
“My administration will not support measures that jeopardize the well-being of consumers and investors,” Biden said.
SAB 121 takes effect on April 11, 2024, but has been met with strong opposition from the crypto community and lawmakers. (Cointelegraph)
According to previous news, the bill to overturn SAB 121 was passed by the House of Representatives on May 8 and the Senate on May 17, respectively.
📍Cognitive Society Interpretation: The FIT21 Act is more influential
Trump's conviction did not affect the support rate for betting on him to win the election on Polymarket, which is currently 55%.
Despite Trump’s conviction on May 30, 2024, users of the on-chain prediction market Polymarket still expect him to win the election this November, with his approval rating currently at 55% on the platform, compared to Biden’s 39%, with nearly $145 million in bets.
It is understood that the U.S. Constitution does not explicitly prohibit convicted felons from running for or serving as president. Although Trump's conviction could result in up to four years in prison, it is widely believed that he will avoid being sentenced to prison for non-violent crimes. (Bitcoin.com)
Earlier news, former US President Donald J. Trump was convicted of at least one felony in a criminal case involving hush money paid to a porn star on the eve of the 2016 election. He is the first US president to be declared a felon, and this stain will accompany him as he seeks re-election as president.
📍Cognition Society Interpretation: The US election is all about harem dramas.
Paradigm researcher: Uniswap postponed the vote on "UNI staking and delegation rewards" because a certain VC was putting pressure on it
Regarding the "Uniswap postponement of the UNI staking and delegation reward vote originally scheduled for Friday", Paradigm researcher Dan Robinson wrote on X: "It is disappointing that a large VC tried to manipulate the token governance process and postpone the community proposal at the last minute to advance their own 'pet' project."
Dan Robinson did not specify which VC it was.
Earlier news, the Uniswap Foundation postponed the UNI staking and delegation rewards vote originally scheduled for Friday because a stakeholder discussed some issues that needed attention with the foundation and required additional due diligence for a comprehensive review. Due to the immutability and sensitivity of the proposal upgrade, it was decided to postpone the vote.
📍Interpretation: Life is helpless. I don’t dare to invest heavily in MEME coins. I am worried about SEC and VC when choosing value coins.
🔹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
If this rebound cannot hold 3850, it is likely to bottom out around 3700.
If the Ethereum spot ETF is traded in August, there are still 2 months left
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
The highest point of Ethereum's rebound on June 1st was 3810, which coincides with the pressure point of 3810 in the Cognitive Society article yesterday.
The highest point of Ethereum's rebound on May 31st was 3854, which coincides with the pressure point of 3860 in the article of Cognitive Society yesterday.
On May 30, Ethereum fell back to 3705, which coincided with the support level of 3700 in the article of Cognitive Society yesterday.
Pressure level: 3810 3860
Support: 3730 3670
🏷LINK
Lowest 17.4 Rebound 18.4
19.2 is the key pressure point
17 is the key support level. If it does not break 17, there is still hope for a rebound.
New value, new RWA leader, the plunge can be configured, cognitive society 22 23 years 5 layout LINK
🏷 him
Why
Support level: 9.4 9
🏷️BLUR
0.4 rebound is expected, 0.43 0.45 pressure level
Cognitive Society reminds you at the top of BLUR 0.8 and starts to update again at 0.4
Support: 0.4 0.38
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: 2.6 2.8
Support level: 2.4 2.3
🏷️
Start grinding 28,31 is a strong pressure point
24 is the key support level
🏷ARB
The lowest level of 1.1 is in perfect agreement with the support level in yesterday's article.
1.1 1 support level
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
It will keep rebounding unless it breaks 0.97
1.14 1.2 Pressure level
1.0 0.94 is the key support level
🏷️SUN
SUN
Continue to be bullish unless SOL breaks 160
🏷️WIF
If 3 is not broken, the price will surge sooner or later. 3.55 is the short-term pressure level. 4 is the strong pressure level.
The lowest WIF level of 3.15 on June 1 coincides with the support level of 3.1 in yesterday’s Cognitive Society article.
On May 30, the lowest WIF level was 3.33, which coincided with the support level of 3.4 in yesterday’s Cognitive Society article.
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.
WIF3.55 3.8 Pressure Level 3.2 3 Support Level
🏷️TREES
If it doesn't break 0.0118, it will hit 0.015 sooner or later.
On June 1, BOME’s lowest point was 0.013, which coincided with the support level of 0.013 in yesterday’s Cognitive Society article.
On May 30, BOME’s lowest point was 0.0133, which coincided with the support level of 0.013 in yesterday’s Cognitive Society article.
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 0.014 0.015 Support level 0.013 0.012
🏷️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 level 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
It's OK if it doesn't break 3.4, but it breaks the weak point
On June 1, the lowest JTO was 3.4, which was consistent with the 3.43 expected by the Cognitive Society yesterday.
On May 30, JTO's highest point of 4 coincided with yesterday's cognitive pressure point of 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 3.7 3.8 3.4 3.15 support level
🏷 AI
It is expected to be stuck at 1.23. If it does not break 1.1, there is still a chance.
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
7 and 6.6 are very important support levels
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: 7.45 7.6
Support level: 7 6.8
🏷NFP
Waves are a joke
Support: 0.51 0.47
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
Inscription resurrection 0.4 pressure position is very strong
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.
🏷1000RATS
0.18 is the key pressure point
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: 585 580
Pressure level: 600 610
🏷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?