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🔹Reviews of Cognitive Society
Bitcoin was originally sprinting towards the recent high of 70,700, and the market was peaceful. However, the movement of 140,000 Bitcoins in Mentougou frightened the market, and the copycat speed fell back.
Although news later proved that Mentougou had no intention of selling 140,000 bitcoins immediately, everyone was clearly in a low mood.
Because the problem that is solved is not a problem, only the problem that is not solved is a problem.
As long as Bitcoin holds 66,000, it will still be very strong and there is hope for a rebound, but the key is that the Bitcoin spot ETF has long supported the price of Bitcoin, and there seems to be a lack of follow-up in the market, which is not a long-term solution.
Ethereum spot ETF may be officially traded in July or August. If the market wants to continue to rise, it needs new hot spots to connect. After all, the sector rotation in the bull market requires stories, technological progress, and consensus.
For retail investors, a $70,000 Bitcoin is meaningless. It is impossible for everyone to enter the market. When encountering a sharp drop, pay attention to Ethereum. The Ethereum sequence is more meaningful.
Bitcoin pressure level 70,000 72500
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 directly predict the rise or fall of the market, 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 or 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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On May 25, more than 140,000 ETH net inflows into exchanges hit a new high since January
According to IntoTheBlock, the amount of Ethereum flowing into exchanges has hit a new high since January.
On May 25 (Saturday), net inflows reached 140,660 ETH, the highest net deposits on exchanges in more than four months.
Large inflows into exchanges are usually a sign of selling behavior as people either try to take profits or succumb to FUD.
📍Interpretation of Cognition Society: Bitcoin was 30,000 or 40,000 at that time, which was also a large amount of chips exchanged.
Nasdaq-listed Semler Scientific purchased 581 BTC and will use Bitcoin as its main reserve asset
Announced that it will adopt Bitcoin as its main reserve asset, Semler Scientific announced that it has purchased 581 Bitcoins with a total value of US$40 million, including fees and expenses. It is reported that Semler Scientific, Inc. is a provider of development and marketing technology products and services, mainly supporting the healthcare industry to fight chronic diseases. (prnewswire)
📍Cognition Society Interpretation: Bitcoin consensus is getting stronger.
Former Mt.Gox CEO: Mt.Gox is not currently selling Bitcoin, but preparing for compensation
Mark Karpelès, former CEO of Mt.Gox, posted on the X platform: “As far as I know, everything is normal at Mt.Gox. The trustee is transferring the tokens to another wallet in preparation for possible distributions this year and will not sell Bitcoin immediately.”
Earlier news, documents released by Mt.Gox showed that Mt.Gox confirmed that the previous relevant Bitcoin transfers were to prepare for the creditor repayment deadline on October 31.
📍Interpretation of Cognitive Society: In fact, solving the problem early is the fundamental solution, it will be solved sooner or later.
Uniswap Foundation: Free Conversions Will Be Implemented Despite SEC Wells Notice
The Uniswap Foundation said that despite the Wells Notice issued by the U.S. Securities and Exchange Commission (SEC), it will still implement free conversions. Uniswap Labs claims that under the current legal classification, the SEC has no authority to regulate its decentralized protocol. It is reported that Uniswap's response is very timely because the 21st Century Financial Innovation and Technology Act will be voted on in the House of Representatives after passing the Senate vote. The bill may change the way the SEC and the U.S. Commodity Futures Trading Commission (CFTC) regulate cryptocurrencies.
Uniswap also revealed that if the proposal for the new fee mechanism is approved at the end of this month, the control of the mainnet UniswapV3Factory will be transferred to a specially designed new V3FactoryOwner contract, marking a milestone in Uniswap's decentralized governance. (Cointelegraph)
📍Interpretation of Cognitive Society: I love UNI too, but I am afraid of the SEC, so the position ratio is within 10%.
🔹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;
🔹May 29 short-term data
🏷Bitcoin
Support: 67000 66200
Pressure level: 69000 70000
🏷Ethereum
4000 is a strong pressure point
3600 3400 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
Pressure level: 3920 4000
Support: 3820 3700
🏷LINK
18.8 is stuck 17.2 16.6 support
New value, new RWA leader, you can configure it when it falls back to around 15
🏷 him
Sure enough, it fell back to around 10
The key to UNI is the token empowerment vote at the end of the month
However, Cognition Society believes that if the new US plan is passed, UNI's decentralization should be recognized, and UNI is likely not a security, which is the most important thing for UNI.
Support level: 10 9
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.
🏷️BLUR
Not breaking 0.4 is expected
Cognitive Society reminds you at the top of BLUR 0.8 and starts to update again at 0.4
Support: 0.42 0.4
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: 2.64 2.8
Support: 2.48 2.4
🏷️
Good news has landed, don't chase high prices
The highest point of 28 is consistent with the pressure point of 28 in yesterday's article
🏷ARB
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
The highest is 1.25, so 1.3 is the strong pressure point
1.04 0.98 is the key support level
🏷️SUN
SOL is stuck at 180. Whether SOL ecosystem WIF BOME can be strong is very important. It affects SOL ecosystem
Continue to be bullish unless SOL breaks 160
🏷️WIF
Surge
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.
WIF3.75 3.9 pressure level 3.4 3.3 support level
🏷️TREES
The key to strength is 0.0185
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 0.0165 0.0185 Support level 0.014 0.013
🏷️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 point 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
If you want to be strong, you need to stand firm 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 3.35 support level
🏷 AI
1 is the key support level 1.2 is the strong pressure level
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: 8 8.2
Support: 7.6 7.5
🏷NFP
Start grinding 0.53
0.5 0.48 is the support level 0.55 0.6 is the resistance level
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
0.34 pressure level is the key
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.
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
0.18 is the key pressure point
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.
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: 592 585
Pressure level: 605 620
🏷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?