Daily high-quality updates, spend your precious two seconds 👆 click to follow and don’t get lost
🔹Reviews of Cognitive Society
The difference between the highest point of Bitcoin's rebound on June 5, 71,400, and the pressure point of 70,900 in yesterday's article of Cognitive Society
Bitcoin's highest rebound point of 70,000 on June 4 coincides with the pressure point of 70,000 in yesterday's Cognitive Society article
Bitcoin's highest rebound point of 70,200 on June 3 coincides with the pressure point of 70,000 in yesterday's article by Cognition Society
Bitcoin's lowest point on June 2, 67,200, coincides with the support level of 67,000 in yesterday's article.
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.
On June 5, Bitcoin rose strongly amid the crazy buying of institutions, and what was even more eye-catching was that BNB soared to a record high.
Bitcoin fell back to the support level of 70,000 and 68,000. If it does not break 70,000, it can be called super strong. If it falls back to 68,000, it will be weaker.
At this time, people are concerned about Bitcoin, which is secondary. What is more important is Ethereum and altcoins, because there is almost no possibility for retail investors to buy more than 70,000 Bitcoins.
If Bitcoin fluctuates sideways at a high level and the altcoins soar, it will be the perfect ending. The market rebound on June 5 gave everyone a glimmer of comfort and hope. Take it slow. As long as US inflation does not rebound, there is a high probability that the US will cut interest rates at the end of the year and there will be a big bull market.
ORDI drives Inscription's rebound
If LINK surges, it will drive the oracle sector
If UNI can maintain 12, it will drive the DEFI sector
If JUP and JTO soar, the SOL ecosystem will take off
If the price of bome SATS shib MEME skyrocketed, the meme sector would take off
We dare not say which one will rise first, there will be opportunities in the bull market slowly.
If ENA has a chance to be around 0.83, TNSR 1.1 and SAGA 2.5 are all good opportunities. Although there may not be any chance, there should be an oversold rebound around W 0.6 and PYTH 0.42.
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.
——————————————
On June 5, nine US Bitcoin ETFs increased their holdings by a total of 12,165 Bitcoins
Worth about $276.19 million;
2. BlackRock currently holds a total of 295,457 bitcoins, worth approximately $20.95 billion;
3. Fidelity increased its holdings by 5,378 bitcoins, worth approximately $381.424 million, and currently holds a total of 170,611 bitcoins, worth approximately $12.1 billion;
4. Nine Bitcoin ETFs increased their holdings by a total of 12,165 Bitcoins, worth approximately $862.79 million. (Planet Daily)
📍In-depth analysis: With such a large buying, it would be strange if Bitcoin did not rise...
The US SEC Chairman's Crypto Attitude Changes: From "All Tokens Are Securities" to "Tokens Lack Proper Disclosure"
In an interview with CNBC's Squawk Box, Gary Gensler, chairman of the U.S. Securities and Exchange Commission, seemed to change his attitude towards cryptocurrencies from "all tokens are securities" to "tokens lack proper disclosure."
📍Cognition Society Interpretation: The key is SEC’s attitude towards UNI.
Vitalik: Very dissatisfied with the experiment of celebrities issuing MEME coins
Ethereum co-founder Vitalik responded to the discussion about "Celebrities issuing MEME coins" and said, "So far, I am very dissatisfied with this round of celebrity experiments."
“Financialization is a means to an end.” If the end is worthwhile (health care, open source software, art, etc.), I can respect that. But financialization as an end product, (vomit emoji)
📍Interpretation of Cognitive Society: Ether has been working hard
Glassnode: Bitcoin active addresses drop to 5-year low
Glassnode data shows that Bitcoin’s active addresses have seen significant fluctuations recently. After the halving in April 2024, the number of active addresses dropped significantly due to soaring transaction fees and network congestion. This increase in fees, due in part to the emergence of new protocols such as Runes, has impacted Bitcoin’s utility in daily transactions, resulting in a significant drop in network activity.
Historically, active addresses have been a reliable indicator of market phases. For example, data from 2022 shows that active addresses have stagnated, consistent with the typical bear market pattern observed in past cycles. Bitcoin's market forces are cyclical, often with periods of reduced activity followed by renewed activity as market conditions improve.
However, it is worth mentioning that although the current number of active addresses has dropped to the lowest point since 2019, Bitcoin has returned to near its historical highs.
📍In-depth analysis: Bitcoin supply circulation has been greatly reduced.
🔹Summary: Bitcoin is bullish as long as it does not break 70,000. 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
🏷June 6 Bitcoin
Support: 7020 68000
Pressure level: 72600 76000
🏷Ethereum
3850 is the key pressure point
If the Ethereum spot ETF is traded in August, there are still 2 months left
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 5 was 3840, which coincides with the pressure point of 3850 in the article of Cognitive Society yesterday.
The highest point of Ethereum's rebound on June 3 was 3854, which coincides with the pressure point of 3860 in the article of Cognitive Society yesterday.
On June 2, the highest point of Ethereum rebound was 3838, which was close to the pressure point of 3860 mentioned in yesterday’s article.
The highest point of Ethereum's rebound on June 1, 3810, coincides with the pressure point of 3810 in yesterday's Cognitive Society article.
The highest point of Ethereum's rebound on May 31st was 3854, which is consistent 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: 3850 3900
Support: 3770 3730
🏷LINK
LINK trades sideways when the market is rising
17 and 19.2 boxes, see where to break through
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
Wait for good news to come, don’t chase high prices
On June 5, UNI rebounded to a peak of 11.9, which coincided with the pressure point of 12 in yesterday’s cognitive article.
On June 4, UNI fell back to a low of 9.4, which is consistent with the support level of 9.2 in yesterday’s article.
🏷️BLUR
The ether is weak and the ether sequence is also weak
0.38 is weak but within expectations
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: 0.39 0.37
Cognition Society believes that BLUR's sharp drop can be used to allocate some long-term investments in batches
🏷OP
Damn, OP is weak if he doesn't stand firm at 3, but he can't stand firm at 2.7
Cognition Society was the only one who reminded us to upgrade Cancun when the OP bottom was around 1.3.
Pressure level: 2.55 2.7
Support level: 2.4 2.3
🏷️
Pay attention to the large volume falling below 24 and becoming weak
🏷ARB
I don't understand why the drop of 1.06 is so weak.
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 lowest level of 1.24 is consistent with the support level of 1.25 in yesterday's cognitive article
Pressure level 1.4 1.5
🏷️SUN
SUN
180 190 Pressure level
🏷️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 highest WIF of 3.55 on June 5th coincides with the pressure level of 3.5 in yesterday’s Cognitive Society article.
On June 4, the lowest WIF level of 3.2 was consistent with the support level of 3.2 in the Cognitive Society article yesterday.
On June 3, the lowest WIF level was 3.07, which coincides with the support level 3 in the article of Cognitive Society yesterday.
The lowest WIF level of 3.15 on June 2 coincides with the support level of 3.2 in yesterday’s article of Cognitive Society.
WIF3.6 3.8 pressure level 3.35 3.2 support level
🏷️TREES
If it doesn't break 0.0118, it will hit 0.015 sooner or later.
On June 5, BOME’s lowest point was 0.013, which coincided with the support level of 0.013 in yesterday’s Cognitive Society article.
On June 4, BOME’s lowest point was 0.013, which coincided with the support level of 0.013 in yesterday’s Cognitive Society article.
On June 3, BOME’s lowest point was 0.013, which coincided with the support level of 0.013 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 1.05 and 1.2 will break through.
Hold 1.05 and look to the upside.
JUp resistance level 1.2 1.27 support level 1.06
🏷️UN
It's OK if it doesn't break 3.4, but it breaks the weakness.
On June 5, the highest JTO was 3.77, which was consistent with the pressure level of 3.8 yesterday.
On June 4, the highest JTO was 3.65, which coincided with the pressure point of 3.7 yesterday.
On June 3, the lowest JTO was 3.4, which was consistent with the 3.43 expected by the Cognitive Society yesterday.
On June 2, the lowest JTO was 3.4, which was consistent with the 3.43 expected by the Cognitive Society yesterday.
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 3.8 4 3.5 3.3 support level
🏷 AI
Fight around 1.23, there is still a chance if it does not break 1.1
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: 7.7 8
Support: 7.4 7.2
🏷NFP
The key to take-off is to stand firm 0.6 0.63
Support: 0.55 0.53
Pressure level: 0.6 0.63
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.
🏷BNB
The historical high is about to hit 750
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 Levels:
Pressure level: 720 750
🏷1000SATS
Lying flat 0.35 0.4 The pressure 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
Lying flat 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 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
🏷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?