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🔹Reviews from Cognitive Society
Bitcoin consolidated weakly at 61,600 on October 9.
The altcoins also started to fall, because Bitcoin is the benchmark of the encryption industry. Ethereum is struggling around 2400, and 2520 is the key to short-term stabilization, otherwise it will bottom out.
Bitcoin's 60,000 is the core support level. If it holds, a new round of price rise will occur. If it fails, it will fall back.
Bitcoin's pressure level of 63300-65000 is the key.
🔹News Interpretation
Yesterday, the U.S. Ethereum spot ETF had a net outflow of $8.19 million
Yesterday, the U.S. Bitcoin spot ETF had a net outflow of $18.58 million
📍Cognition Society Interpretation: The CPI data on October 10 is the key to the market, but the embarrassing thing is that if the CPI data drops too much, the interest rate cut in November will be even smaller. If the CPI data rebounds, there will be a risk of economic recession and inflation rebound.
US Government Suspected to be Free to Sell 69,370 Bitcoins Confiscated from Silk Road
According to Lookonchain, the U.S. government appears to be free to sell the 69,370 Bitcoins seized from Silk Road after the U.S. Supreme Court on October 7 refused to hear Battle Born Investments’ case regarding the ownership of 69,370 BTC (about $4.33 billion) seized from Silk Road, giving the government full control over the seized funds. The last time the U.S. government moved BTC was 2 months ago, when it moved 29,800 BTC (about $2.02 billion), of which 10,000 BTC (about $594 million) were transferred to Coinbase Prime.
📍Interpretation of Cognition Society: People are so supportive of the crypto industry, what's there to say about publicly selling tens of thousands of bitcoins to make money.
Crypto firms’ settlements with U.S. regulators hit $32 billion
According to CoinGecko statistics, the amount of settlements between cryptocurrency companies and US regulators has reached US$32 billion to date, with the largest amounts being FTX and Alameda, with settlements of US$12.7 billion, followed by Celcius ($4.7 billion), Terraform Labs ($4.5 billion), and Binance ($4.3 billion).
📍In-depth analysis: The US principle for the crypto industry is regulation and fines.
🔹Summary: Bitcoin 60,000 is the core support level. Every time Bitcoin plummets, it is an opportunity for Ethereum to enter the market.
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: 61600 60000
Pressure level: 63000 64000
🏷Ethereum
Want to stabilize and stand firm 2520
A sharp drop in Ethereum is an opportunity to enter the market
Deploying Ethereum is the core strategy.
Pressure level: 2490 2530
Support: 2410 2360
🏷️SUN
Too weak to be true 140 135 near the support level
🏷LINK
10 is an important support level 11.7 is a key resistance level
New value, new RWA leader, the plunge can be configured, cognitive society 22 23 years 5 layout LINK
🏷 him
Want to make up for the rise and stand firm 8
Cognition Society believes that if UNI wants to take off, it needs to repurchase tokens with profits and then destroy them.
Pressure level: 7.5 7.8
Support: 7.1 7
🏷️WIF
2.3 2.2 support level 2.6 2.8 resistance level
🏷️BLUR
0.24 0.26 Pressure level
It is important to hold 0.22, otherwise it will be weak.
🏷OP
1.4 is the key support level 1.95 is the key resistance level
Cognition Society believes that OP around 1.2 is still worth considering
Pressure level: 1.77 1.9
Support: 1.55 1.4
🏷CRV
0.255 Struggle
🏷️UN
1.8 1.6 is an important support level 2 2.2 is a pressure level
🏷️TREES
0.0068 is the short-term pressure level 0.00058 is the important support level
🏷1000SATS
0.0003 is the key pressure level and 0.00025 is the important support level.
Extremely volatile, strictly control positions
🏷1000RATS
0.01 is indeed the lowest point
1000RATS rebounds to near cost and reduces positions. After reducing positions, reduce the proportion of long-term positions. The fluctuation is too large and most people cannot bear it.
🏷NEAR
4.6 is an important support level
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: 5 5.2
Support: 4.65 4.5
🏷️YUP
0.72 is an important support level, 0.82 is an important resistance level
🏷AI and NFP
The decline is too deep. It’s not that we won’t update, but we can only wait.
If you want to be strong, you need to stand firm at 0.65
🏷BNB
Because the new launch is very strong
BNB's weekly double top risk
On Earth, when BNB is around 200, Cognition Society exclusively reminds you to invest in BNB between 210 and 180
Support: 575 570
Pressure level: 588 600
Others, wait for more updates
🔹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.
Desire and ability are not equal
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 advocate the bull market every day?
