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🔹Reviews from Cognitive Society
Bitcoin fell back to the lowest point of 66,600 on October 17, a strong consolidation.
As long as Bitcoin holds 66,000 on October 18, it will be a strong consolidation and continue to be bullish.
The surge in Bitcoin this time is mainly due to abnormal buying of spot ETFs in the United States, with an inflow of 1.64 billion in 4 days, which is an invincible buying. Therefore, Cognitive Society always says that Bitcoin is already the Bitcoin of the United States, and Americans have complete control over the pricing power of Bitcoin.
Bitcoin 64600 is the core support level. If it holds, everything will be fine. If it falls below, it will become weak.
Bitcoin has been consolidating above the daily O axis. 71,000 is the key to whether the weekly MACD can be greater than 0. Cognition Society believes that the mid-term trend of Bitcoin is more related to the interest rate cuts of Trump and the United States. As long as the United States continues to cut interest rates and shrink its balance sheet, the rise of Bitcoin is only a matter of time.
Bitcoin is at a critical pressure point around 71,000. Whether it can attract altcoins to follow suit is the key.
The liquidity of the market will gradually increase after December, and coupled with the certainty after the US election, people still believe that the market will gradually get better.
US spot Ethereum ETF had a net inflow of $24.21 million yesterday
📍Interpretation of Cognition Society: It’s a rare day when Grayscale doesn’t sell Ethereum.
US spot BTC ETF has seen net inflows for 4 consecutive trading days, with a total amount of US$1.64 billion
According to AICoin monitoring, the US spot Bitcoin ETF had a net inflow of US$459 million yesterday. Among them, IBIT still had a huge amount of funds entering the market, as high as US$393 million, but the inflow of funds to FBTC and ARKB decreased day by day, and the inflow yesterday was less than US$15 million.
📍Cognition Society Interpretation: American institutions are scrambling to grab Bitcoin.
Analysis: Ethereum generated $261 million in fees in Q3, down 47% from the previous quarter
📍Interpretation of Cognition Society: Vicious cycle, because of the weakness, the popularity is not enough, so the handling fee is low.
🔹Summary: Bitcoin 71000 is the key pressure point, 66000 64600 support level, every Bitcoin plunge 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: 66000 64600
Pressure level: 68200 71000
🏷Ethereum
2720 is the key pressure level 2540 is the key support level
A sharp drop in Ethereum is an opportunity to enter the market
Deploying Ethereum is the core strategy.
Pressure level: 2650 2720
Support: 2580 2540
🏷️SUN
Weak is not good 162 is the first pressure
🏷LINK
11.7 is the key resistance level, too weak 10.4 is the key support level
New value, new RWA leader, the plunge can be configured, cognitive society 22 23 years 5 layout LINK
🏷 him
I don’t like to brag, and the cognitive society doesn’t understand it at all. UNI hit a new low under the stimulus of great benefits. 7.2 is the key support level
Cognition Society believes that the value ranking of crypto industry projects is: Bitcoin Ethereum UNI SOL XRP
Cognition Society believes that if UNI wants to take off, it needs to repurchase tokens with profits and then destroy them.
Pressure level: 7.6 8
Support: 7.2 6.8
🏷️WIF
2.45 2.25 is the key support level. Buy back in batches if the high position is sold. It’s fine if it doesn’t break 2.2
🏷️BLUR
Want to stand firmly at 0.26
🏷OP
Cognition Society itself does not understand why OP did not stand firm in such a good market.
Cognition Society believes that OP around 1.2 is still worth considering
Pressure level: 1.85 2
Support level: 1.6 1.5
🏷CRV
0.255 is struggling, 0.3 is the key pressure point
🏷️UN
2.1 1.9 is the support level
🏷️TREES
0.0083 is the key support level
🏷1000SATS
0.0003 is the key pressure level and 0.00025 is the important support level.
Extremely volatile, strictly control positions
🏷1000RATS
0.011 is the key support level
1000RATS rebounds to near cost and reduces position. After reducing position, reduce the proportion of long-term position. The fluctuation is too big and most people can't stand it.
🏷NEAR
4.4 is the key 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: 4.6 4.4
🏷️YUP
0.81 is an important support 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
600 620 Pressure level
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
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.
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 seen those people who promote the bull market every day? Are they still there?
