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🔹Reviews of Cognitive Society
On April 15, Bitcoin fell back to 62,500 and then soared to 66,800.
The reason for the strong rebound of Bitcoin and Ethereum is that the Bitcoin and Ethereum spot ETF in Hong Kong was approved, but the theoretical significance is greater than the practical significance.
The first is that the liquidity of Hong Kong stocks is not ideal in itself, let alone spot ETFs;
Second: The total market value of the entire HK spot ETF itself is only 50 billion, which is a very small market value;
Third: The participating institutions are too weak, and there are no large companies, banks or financial institutions from the mainland participating. The atmosphere is not right.
Fourth: Mainland companies are prone to make mistakes when buying Bitcoin spot ETFs.
Bitcoin’s 64,000 is the first key support level. If it is not broken, it will rebound continuously. If it is broken, it will bottom out weakly.
59,000 is the core support level of Bitcoin. There is no risk in holding 59,000. If Bitcoin falls below 59,000, the market may bottom out again.
Lie flat
We can only be a family together
This winter is particularly cold
Don't be afraid of the snow in winter
Auspicious snow heralds a good harvest
SOL 156 162 is a strong pressure point
More 👉Popular cottage more trending reviews
🔹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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🔹 Daily Coin News Interpretation
Caixin: Hong Kong's first batch of virtual asset spot ETFs approved by the Securities and Futures Commission, expected to be listed as early as the end of April
Bosera International, China Asset Management (Hong Kong) and Harvest Asset Management, Hong Kong companies under the mutual fund sector, successively disclosed on April 15, 2024 that the issuance of virtual asset spot ETF products has been approved in principle by the Hong Kong Securities and Futures Commission. After approval for inclusion, the issued products will include not only Bitcoin, but also Ethereum, which has not yet been approved by the US SEC.
Reliable sources revealed that the above-mentioned virtual asset spot ETF product is expected to be listed as early as the end of April. After successful issuance, it will also become the first batch of Bitcoin spot ETF and Ethereum spot ETF in Asia.
As of press time, the Hong Kong Securities and Futures Commission website has not officially released the approval information for the above series of virtual asset spot ETF products; according to previous sources, Value Partners also received approval from the Hong Kong Securities and Futures Commission to issue virtual asset spot ETF products. (Caixin)
📍Interpretation by Cognition Society: The key lies in the attitude of the mainland
The amount of liquidation in the Ethereum lending market from April to now has reached a new high since June 2022
Data from The Block shows that the amount of loan liquidations in the Ethereum lending market in the first two weeks of April was the highest since June 2022. Among them, the liquidation amount of the lending protocol Aave was close to US$80 million, and the liquidation amount of Compound was close to US$50 million.
The last month with large liquidations was June 2022, a month after the collapse of the $40 billion Terra ecosystem.
The market crash over the past few days has exacerbated loan liquidations. Coinglass data shows that in the past three days, total cryptocurrency liquidations have reached nearly $1.7 billion, most of which are long positions.
📍Interpretation of Cognition Society: Clearing leverage before the start of the bull market.
24 new wallets purchased 18.48 million OP through Coinbase in the past 24 hours, with a total holding of more than $100 million
According to The DataNerd, 24 new wallets purchased 18.48 million OP tokens ($OP) worth about $41.8 million through the Coinbase platform in the past 24 hours. These wallets were created specifically to purchase $OP. Currently, the total $OP holdings of these wallets have reached 44.64 million, worth about $106.3 million.
📍Cognition Society Interpretation: Another whale builds a position in OP
Cognitive Society articles are updated every day
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🔹Summary: Bitcoin 64000 59000 is the key support level; 24 years is the initial stage of the bull market of Bitcoin and Ethereum. Every plunge is an opportunity. The long-term K-line research focuses on Ethereum UNI OP NEAR BLUR and link cake;
🔹Short-term data for April 16
🏷Bitcoin
Support: 64000 61000
Pressure level: 65600 66800
🏷Ethereum
Hong Kong ETF passes 3300, which is a key pressure point
Pressure level: 3200 3300
Support: 2950 2800
🏷 him
8 and 8.4 are key pressure points
The 1. More near 1. More OP in the 2023 year of Cognitive Society, and the 0.2 BLUR, 200 BNB, and 5.5 LINK have been trapped and rotten for N months. Many altcoins in 2024 may also be trapped for several months. It is not meaningful to update and play the band at this time. In the next few months, most of the time, everyone will lie flat.
Cognition Society is the only one that reminds the bottom area near UNI4
Support: 7 6.6
Pressure level: 7.8 8
🏷️BLUR
This coin's escape from the top is perfect. 0.8 Cognition Society exclusively reminds you not to touch the top. Yesterday's reminder of 0.3 was the lowest point and it soared to 0.44
🏷LINK
Trapped at 14.6, in fact 16.2 is the strong pressure point
Support: 13 12
🏷1000SATS
Breakout and stabilization
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
Breakout and stabilization
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.
🏷DYDX
family
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
🏷 AI
Play badly
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
🏷BNB
Cognition Society’s exclusive BNB reminder: 600 is the highest point for reducing positions, and even if you buy back at a low price, you will still make money
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: 540 520
Pressure level: 580 590
🏷NFP
Tank
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.
🏷CRV
family
🏷OP
Lie flat
Cognition Society was the only one who reminded us to upgrade Cancun when the OP bottom was around 1.3.
Pressure level: 2.5 2.7
Support level: 2.2 2
🏷ARB
family
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
🏷NEAR
6 is a strong pressure position
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: 5.6 5.8
Support level: 5.25
🏷️
There is no market. Please suspend updating this coin.
🔹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?
