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July 27/Bitcoin's 2 billion short orders attracted major players. The final consolidation before Ethereum took off
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#比特币大会 #ETH #MtGox钱包动态 #sol
🔹Reviews of Cognitive Society
The highest rebound of Bitcoin on July 26 was 68,000, which is very different from the pressure point of 6666 in yesterday's cognitive article.
Bitcoin fell back to a minimum of 63,300 on July 25, close to the support level of 64,000 mentioned in yesterday’s article.
Bitcoin fell back to the lowest level of 65,600 on July 24 and the support level of 65,800 mentioned in yesterday’s article.
Bitcoin's lowest price of 65,900 on July 23 coincides with the support level of 65,800 mentioned in yesterday's article.
Bitcoin has already walked out of the pace of not recognizing relatives and is approaching the historical high. Ethereum is obviously weak, but the weakness at this time is different from usual. The faster Grayscale sells, the better, and the exchange of chips can fully clean up the market. Of course, many institutions are switching positions from Grayscale to Fidelity BlackRock. According to the current daily sales of 70,000 to 100,000 Ethereum, most of Grayscale’s selling should be almost done in about a month.
#比特币大会 #ETH #MtGox钱包动态 #sol
🔹Reviews of Cognitive Society
The highest rebound of Bitcoin on July 26 was 68,000, which is very different from the pressure point of 6666 in yesterday's cognitive article.
Bitcoin fell back to a minimum of 63,300 on July 25, close to the support level of 64,000 mentioned in yesterday’s article.
Bitcoin fell back to the lowest level of 65,600 on July 24 and the support level of 65,800 mentioned in yesterday’s article.
Bitcoin's lowest price of 65,900 on July 23 coincides with the support level of 65,800 mentioned in yesterday's article.
Bitcoin has already walked out of the pace of not recognizing relatives and is approaching the historical high. Ethereum is obviously weak, but the weakness at this time is different from usual. The faster Grayscale sells, the better, and the exchange of chips can fully clean up the market. Of course, many institutions are switching positions from Grayscale to Fidelity BlackRock. According to the current daily sales of 70,000 to 100,000 Ethereum, most of Grayscale’s selling should be almost done in about a month.
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July 2/USD rate cut timing unchanged, depends on US employment data
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#非农就业数据即将公布 #ETH #sol #ton
🔹Reviews of Cognitive Society
The highest point of Bitcoin's rebound on July 2 was 63,800, which coincides with the pressure point of 64,000 in yesterday's article.
Bitcoin's rebound is still relatively strong, with a short-term small double top of 63850.
What does the Fed Chairman's speech mean? Inflation has fallen, but it still depends on the employment data in July, August and September. At present, the US interest rate cut will still be in September or November.
Don't worry about the cryptocurrency world during this period, as it is too small. Financial institutions in Japan, South Korea, Europe, and the United States are the ones you need to worry about.
#非农就业数据即将公布 #ETH #sol #ton
🔹Reviews of Cognitive Society
The highest point of Bitcoin's rebound on July 2 was 63,800, which coincides with the pressure point of 64,000 in yesterday's article.
Bitcoin's rebound is still relatively strong, with a short-term small double top of 63850.
What does the Fed Chairman's speech mean? Inflation has fallen, but it still depends on the employment data in July, August and September. At present, the US interest rate cut will still be in September or November.
Don't worry about the cryptocurrency world during this period, as it is too small. Financial institutions in Japan, South Korea, Europe, and the United States are the ones you need to worry about.
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Bitcoin is super strong, 6w4 and 6w5 are strong pressure points
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#比特币 #以太坊ETF批准预期 #ENS #wif
🔹Reviews of Cognitive Society
Bitcoin's highest rebound point on July 1 was 63,800, which is close to the pressure point of 6,200 in yesterday's article.
Bitcoin's highest rebound point of 61800 on June 30 is close to the pressure point of 6200 in yesterday's article
On June 29, Bitcoin fell back to the lowest point of 60,000, which perfectly matched the support level in yesterday’s article.
Bitcoin rebounded strongly and hit 63800.
It is also magically strong, with a price difference of 15 points from the historical highest point. After seven months of sideways fluctuations, it fell by 15 points, giving the market a huge illusion. The recognition of the collapse of the cottage, including the cognitive society, is not in place and sufficient.
#比特币 #以太坊ETF批准预期 #ENS #wif
🔹Reviews of Cognitive Society
Bitcoin's highest rebound point on July 1 was 63,800, which is close to the pressure point of 6,200 in yesterday's article.
Bitcoin's highest rebound point of 61800 on June 30 is close to the pressure point of 6200 in yesterday's article
On June 29, Bitcoin fell back to the lowest point of 60,000, which perfectly matched the support level in yesterday’s article.
Bitcoin rebounded strongly and hit 63800.
It is also magically strong, with a price difference of 15 points from the historical highest point. After seven months of sideways fluctuations, it fell by 15 points, giving the market a huge illusion. The recognition of the collapse of the cottage, including the cognitive society, is not in place and sufficient.
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Black June has passed, looking forward to the light of July
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#ETH #SOL #CRV #uni
🔹Reviews of Cognitive Society
Bitcoin's highest rebound point of 61800 on June 30 is close to the pressure point of 6200 in yesterday's article
On June 29, Bitcoin fell back to the lowest point of 60,000, which perfectly matched the support level in yesterday’s article.
Bitcoin rebounded but that's a bad thing.
If you want to end the bottoming out earlier, you need to speed up the bottoming out. The 312 in 2020 is still famous for so many years because it fell three times in 3 days. Most people are afraid of falling, afraid of a sharp drop, but in fact, a slow drop is scary. If it doesn't fall to the right level, the market will easily bottom out again.
#ETH #SOL #CRV #uni
🔹Reviews of Cognitive Society
Bitcoin's highest rebound point of 61800 on June 30 is close to the pressure point of 6200 in yesterday's article
On June 29, Bitcoin fell back to the lowest point of 60,000, which perfectly matched the support level in yesterday’s article.
Bitcoin rebounded but that's a bad thing.
If you want to end the bottoming out earlier, you need to speed up the bottoming out. The 312 in 2020 is still famous for so many years because it fell three times in 3 days. Most people are afraid of falling, afraid of a sharp drop, but in fact, a slow drop is scary. If it doesn't fall to the right level, the market will easily bottom out again.
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Waiting for the Ethereum spot ETF in July and August
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#以太坊ETF批准预期 #CRV #ENS #WIF
🔹Reviews of Cognitive Society
Bitcoin's lowest point on June 30 was 60,000, which perfectly matches the support level in yesterday's article.
The highest point of Bitcoin's rebound on June 29, 62,400, coincides with the pressure point of 62,400 in yesterday's Cognition Society article.
Bitcoin is almost stagnant
Most of the copycats have also cooled down
If you want to complete the monthly retracement, it is better to do it all at once and end June immediately.
If the market wants to recover, nothing is more meaningful than the start of trading of Ethereum spot ETF, because the confidence of Ethereum can be sorted out.
#以太坊ETF批准预期 #CRV #ENS #WIF
🔹Reviews of Cognitive Society
Bitcoin's lowest point on June 30 was 60,000, which perfectly matches the support level in yesterday's article.
The highest point of Bitcoin's rebound on June 29, 62,400, coincides with the pressure point of 62,400 in yesterday's Cognition Society article.
Bitcoin is almost stagnant
Most of the copycats have also cooled down
If you want to complete the monthly retracement, it is better to do it all at once and end June immediately.
If the market wants to recover, nothing is more meaningful than the start of trading of Ethereum spot ETF, because the confidence of Ethereum can be sorted out.
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June 28 // Bitcoin falls, but altcoins are unable to rebound
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#ens #Mt.Gox将启动偿还计划 #以太坊
🔹Reviews of Cognitive Society
The highest point of Bitcoin's rebound on June 28, 62,400, coincides with the pressure point of 62,400 in yesterday's Cognition Society article.
Bitcoin's weak rebound and negative decline make it difficult for copycats to continue to move forward. People have an inherent fear of the impact of Bitcoin.
Discuss the pros and cons before entering the game
No discussion of pros and cons after entering the game
Talk about gains and losses after entering the game
Unless you are holding Bitcoin, you can reduce your position a little when it rebounds, and make up for the sharp drop. But there is no need to operate Ether, because the Ethereum spot ETF will be traded soon, maybe in August or September, but you have waited for 3 years, so why do you have to worry so much about a few months?
#ens #Mt.Gox将启动偿还计划 #以太坊
🔹Reviews of Cognitive Society
The highest point of Bitcoin's rebound on June 28, 62,400, coincides with the pressure point of 62,400 in yesterday's Cognition Society article.
Bitcoin's weak rebound and negative decline make it difficult for copycats to continue to move forward. People have an inherent fear of the impact of Bitcoin.
Discuss the pros and cons before entering the game
No discussion of pros and cons after entering the game
Talk about gains and losses after entering the game
Unless you are holding Bitcoin, you can reduce your position a little when it rebounds, and make up for the sharp drop. But there is no need to operate Ether, because the Ethereum spot ETF will be traded soon, maybe in August or September, but you have waited for 3 years, so why do you have to worry so much about a few months?
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June 25/Bitcoin plummeted to 58,000 as expected, and the altcoin rebounded
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#wif #BTC #ETH #CRV #山寨底部
🔹Reviews of Cognitive Society
Bitcoin's plunge to 58,200 on June 25th perfectly matches the support level of 58,000 in yesterday's Cognition Society article.
On the eve of the plunge, the article of Cognition Society clearly stated that a plunge of 58,500 is a good option for Bitcoin. The most ideal situation is that it needs a negative plunge to around 54,500. It will be effective quickly. While breaking through the long orders, the main force can open long orders and eat the bloody chips at the same time.
Sure enough, after the sharp drop of Bitcoin, the altcoin began to rebound strongly
The strong rebound of the cottage has the characteristics of a primary bottom, but it still needs to stabilize the high point of June 20 in the future to be meaningful.
#wif #BTC #ETH #CRV #山寨底部
🔹Reviews of Cognitive Society
Bitcoin's plunge to 58,200 on June 25th perfectly matches the support level of 58,000 in yesterday's Cognition Society article.
On the eve of the plunge, the article of Cognition Society clearly stated that a plunge of 58,500 is a good option for Bitcoin. The most ideal situation is that it needs a negative plunge to around 54,500. It will be effective quickly. While breaking through the long orders, the main force can open long orders and eat the bloody chips at the same time.
Sure enough, after the sharp drop of Bitcoin, the altcoin began to rebound strongly
The strong rebound of the cottage has the characteristics of a primary bottom, but it still needs to stabilize the high point of June 20 in the future to be meaningful.
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A few innovative suggestions to Binance co-founder He Yi on the altcoin liquidity crisis
As an old user of Binance since 2017, I have some immature suggestions for Ms. He Yi!
As a mature user, I dare not imagine that Binance controls the rise and fall of altcoins and does not list new coins at all. This is not in the interests of the exchange and does not conform to business logic!
Suggestion 1: Binance will set up a low-circulation sector and a 26-year unlocking sector; Binance does not control the rise and fall but can control the flow of the exchange and the risk reminders of users;
Similar to the Innovation Zone, additional risk reminders for low circulation rates of copycats, while increasing the unlocking time and schedule for each coin;
As a mature user, I dare not imagine that Binance controls the rise and fall of altcoins and does not list new coins at all. This is not in the interests of the exchange and does not conform to business logic!
Suggestion 1: Binance will set up a low-circulation sector and a 26-year unlocking sector; Binance does not control the rise and fall but can control the flow of the exchange and the risk reminders of users;
Similar to the Innovation Zone, additional risk reminders for low circulation rates of copycats, while increasing the unlocking time and schedule for each coin;
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The root cause of the repeated decline and sharp drop in the cryptocurrency circle
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#BTC走势分析 #meme板块关注热点 #山寨历史地位 #crv #ETH
🔹Reviews of Cognitive Society
Bitcoin rebounded from 64,000 to 66,400 in two days on June 20, but a small negative news instantly dropped back to around 64,400.
The apparent reason is a small negative in the US non-farm data. The number of people applying for unemployment benefits was 238,000, while the actual number was 235,000. The apparent reason is that the data affects the timing of the interest rate cut, but in fact it has nothing to do with it.
Problems in the cryptocurrency world:
First: Binance has listed 2 new coins. The water in the pond has not increased, but there are more and more crocodiles every day. On a hot day at noon, fish are dying of thirst. The core reason is not the sun at noon, but the lack of water.
#BTC走势分析 #meme板块关注热点 #山寨历史地位 #crv #ETH
🔹Reviews of Cognitive Society
Bitcoin rebounded from 64,000 to 66,400 in two days on June 20, but a small negative news instantly dropped back to around 64,400.
The apparent reason is a small negative in the US non-farm data. The number of people applying for unemployment benefits was 238,000, while the actual number was 235,000. The apparent reason is that the data affects the timing of the interest rate cut, but in fact it has nothing to do with it.
Problems in the cryptocurrency world:
First: Binance has listed 2 new coins. The water in the pond has not increased, but there are more and more crocodiles every day. On a hot day at noon, fish are dying of thirst. The core reason is not the sun at noon, but the lack of water.
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Ethereum sequence rebounds. The market needs incremental funds for sustained growth.
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#CRV #LayerZero #BTC走势分析 #ETH
🔹Reviews of Cognitive Society
Bitcoin fluctuated sideways around 65,400 on June 18.
Bitcoin rebounded by 2 points, and the Ethereum sequence among the altcoins began to rebound. The direct reason was that the SEC canceled the prosecution of Ethereum. The core reason was that the SEC canceled the prosecution of Ethereum as a security.
The most direct beneficiary is UNI, because the plunge of UNI17 was due to the SEC suing UNI.
If Ethereum can hold 3510, there is still hope to reach 3600, but if it breaks 3510, it may fall back to around 3400 again.
#CRV #LayerZero #BTC走势分析 #ETH
🔹Reviews of Cognitive Society
Bitcoin fluctuated sideways around 65,400 on June 18.
Bitcoin rebounded by 2 points, and the Ethereum sequence among the altcoins began to rebound. The direct reason was that the SEC canceled the prosecution of Ethereum. The core reason was that the SEC canceled the prosecution of Ethereum as a security.
The most direct beneficiary is UNI, because the plunge of UNI17 was due to the SEC suing UNI.
If Ethereum can hold 3510, there is still hope to reach 3600, but if it breaks 3510, it may fall back to around 3400 again.
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Around June 17, the market chose a direction, and the copycats were struggling
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#CRV #uni #ton #ETH #meme板块关注热点
🔹Reviews of Cognitive Society
Bitcoin fluctuated sideways around 66,000 on June 16.
Bitcoin hasn't been this weak for a long time. There was no rebound after the sharp drop.
Therefore, the K-line is a possibility, and the specific surge and plunge is adjusted by the main force with money and chips.
The price of Bitcoin is very awkward, because if the rebound at 65,000 is so weak, then the short-term direction will be re-selected tomorrow or the day after tomorrow, because if the rebound is too weak, it means that this price is not what the main force desires.
#CRV #uni #ton #ETH #meme板块关注热点
🔹Reviews of Cognitive Society
Bitcoin fluctuated sideways around 66,000 on June 16.
Bitcoin hasn't been this weak for a long time. There was no rebound after the sharp drop.
Therefore, the K-line is a possibility, and the specific surge and plunge is adjusted by the main force with money and chips.
The price of Bitcoin is very awkward, because if the rebound at 65,000 is so weak, then the short-term direction will be re-selected tomorrow or the day after tomorrow, because if the rebound is too weak, it means that this price is not what the main force desires.
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The cryptocurrency circle exclusively explains the copycat purgatory model of the 24-year bull market. The central government maliciously blocks quantitative trading and small dealers.
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#CRV #ETH #uni #ton
🔹Reviews of Cognitive Society
Bitcoin fluctuated sideways around 66,800 on June 14.
As soon as the US spot ETF weakens, Bitcoin will immediately weaken. Bitcoin and the entire crypto market are completely controlled by the US.
Why are 24-year-old alts so fragile and illiquid?
Normally, the liquidity of a bull market is sufficient and the depth of the altcoins is ideal. However, the liquidity of the 24-year bull market comes from the US spot ETF.
For example, the plunge on June 8, everyone just felt it was a plunge, but in fact, this plunge was fatal to quantitative trading, hot money, and small market makers.
#CRV #ETH #uni #ton
🔹Reviews of Cognitive Society
Bitcoin fluctuated sideways around 66,800 on June 14.
As soon as the US spot ETF weakens, Bitcoin will immediately weaken. Bitcoin and the entire crypto market are completely controlled by the US.
Why are 24-year-old alts so fragile and illiquid?
Normally, the liquidity of a bull market is sufficient and the depth of the altcoins is ideal. However, the liquidity of the 24-year bull market comes from the US spot ETF.
For example, the plunge on June 8, everyone just felt it was a plunge, but in fact, this plunge was fatal to quantitative trading, hot money, and small market makers.
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Bitcoin holds 68,000, and the decline of the altcoin is limited
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#people #meme板块关注热点 #现货以太坊ETF获美SEC批准
🔹Reviews of Cognitive Society
Bitcoin's highest rebound point of 69,900 on June 9 coincides with the pressure point of 70,000 in yesterday's article by Cognitive Society
No update on June 7
There is a big difference between the highest point of Bitcoin's rebound on June 6, 71,500, and the pressure point of 72,500 in yesterday's article 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
#people #meme板块关注热点 #现货以太坊ETF获美SEC批准
🔹Reviews of Cognitive Society
Bitcoin's highest rebound point of 69,900 on June 9 coincides with the pressure point of 70,000 in yesterday's article by Cognitive Society
No update on June 7
There is a big difference between the highest point of Bitcoin's rebound on June 6, 71,500, and the pressure point of 72,500 in yesterday's article 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
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Daily update June 8/Non-farm data breaks the market rebound, interest rate cuts affect Bitcoin bull market momentum
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#bnb历史新高 #w #非农就业人数高于预期 #ETH
🔹Reviews of Cognitive Society
No update on June 7
There is a big difference between the highest point of Bitcoin's rebound on June 6, 71,500, and the pressure point of 72,500 in yesterday's article 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.
#bnb历史新高 #w #非农就业人数高于预期 #ETH
🔹Reviews of Cognitive Society
No update on June 7
There is a big difference between the highest point of Bitcoin's rebound on June 6, 71,500, and the pressure point of 72,500 in yesterday's article 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.
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June 5/Institutions force buying of Bitcoin, while altcoins wait for rotation
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#bnb历史新高 #BTC走势分析 #stx #uni
🔹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.
#bnb历史新高 #BTC走势分析 #stx #uni
🔹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.
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Binance's new coin rebounds from oversold, altcoins need sector rotation, choose direction on June 3
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#not #people #ethfi #ENS
#🔹Comments on Cognitive Society
Bitcoin's lowest point on June 2 was 67,200, which is close to the support level of 67,000 mentioned 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.
The highest point of Bitcoin's rebound on May 31st was 69,000, which coincides with the pressure point of 69,000 in the article of Cognitive Society yesterday.
Bitcoin's lowest point of 67,100 on May 30 coincides with the support level of 67,200 in yesterday's article.
Bitcoin's lowest point of 67,200 on May 29 coincides with the support level of 67,200 in yesterday's article.
#not #people #ethfi #ENS
#🔹Comments on Cognitive Society
Bitcoin's lowest point on June 2 was 67,200, which is close to the support level of 67,000 mentioned 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.
The highest point of Bitcoin's rebound on May 31st was 69,000, which coincides with the pressure point of 69,000 in the article of Cognitive Society yesterday.
Bitcoin's lowest point of 67,100 on May 30 coincides with the support level of 67,200 in yesterday's article.
Bitcoin's lowest point of 67,200 on May 29 coincides with the support level of 67,200 in yesterday's article.
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Inscription rebounds, Ethereum's sharp drop is an opportunity
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🔹Reviews of Cognitive Society
Bitcoin's lowest point of 67,100 on May 30 coincides with the support level of 67,200 in yesterday's article.
Bitcoin's lowest point of 67,200 on May 29 coincides with the support level of 67,200 in yesterday's article.
Bitcoin is consolidating between 67,000 and 69,000, waiting for the short-term direction. If Bitcoin falls below 66,000 with a large volume, it will be a good thing, because even if the altcoins fall sharply, the funds in the market may flow into the Ethereum altcoins. If Bitcoin reaches 70,000, the funds in the market will hardly allow the altcoins to rise too much.
🔹Reviews of Cognitive Society
Bitcoin's lowest point of 67,100 on May 30 coincides with the support level of 67,200 in yesterday's article.
Bitcoin's lowest point of 67,200 on May 29 coincides with the support level of 67,200 in yesterday's article.
Bitcoin is consolidating between 67,000 and 69,000, waiting for the short-term direction. If Bitcoin falls below 66,000 with a large volume, it will be a good thing, because even if the altcoins fall sharply, the funds in the market may flow into the Ethereum altcoins. If Bitcoin reaches 70,000, the funds in the market will hardly allow the altcoins to rise too much.
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May 28/Mentougou drives the market back
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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.
🔹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.
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#现货以太坊ETF获美SEC批准 #美众议院通过FIT21法案 #BTC走势分析 #认知社 The market is weak, waiting for the hot spot to take over
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The market is weak and waiting for the hot spots to take over
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🔹Reviews of Cognitive Society
Bitcoin's lowest point of 67,200 on May 29 coincides with the support level of 67,200 in yesterday's article.
The highest rebound of Bitcoin was only 69,000 because the buying volume of Bitcoin spot ETF dropped from 200 million to 45 million, and the purchasing power in the market has not increased.
The expected fluctuation of Bitcoin by 2 points is more important for the crypto industry, how to attract retail investors and how to get them to enter the market.
Because the entry funds of institutions are concentrated in Bitcoin and Ethereum, institutions will not buy any copycats. Most of the purchasing power of copycats comes from retail investors, so the key to the take-off of copycats is the entry of retail investors.
🔹Reviews of Cognitive Society
Bitcoin's lowest point of 67,200 on May 29 coincides with the support level of 67,200 in yesterday's article.
The highest rebound of Bitcoin was only 69,000 because the buying volume of Bitcoin spot ETF dropped from 200 million to 45 million, and the purchasing power in the market has not increased.
The expected fluctuation of Bitcoin by 2 points is more important for the crypto industry, how to attract retail investors and how to get them to enter the market.
Because the entry funds of institutions are concentrated in Bitcoin and Ethereum, institutions will not buy any copycats. Most of the purchasing power of copycats comes from retail investors, so the key to the take-off of copycats is the entry of retail investors.
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🔹Reviews of Cognitive Society
No one cares about the fluctuation of Bitcoin anymore, but the surge in Ethereum and Ethereum Series, and the surge in CoinAnX coins have slowly revived the sentiment of retail investors. After all, the rise and fall of Bitcoin has nothing to do with most people, and the unit price is too high.
Cognition Society believes that the short-term hot spots in the market are: one is Ethereum and Ethereum ecosystem, and the other is the new coin of Coinan. After the market scolded, the market should also put pressure on market makers, and a large number of new coins rebounded from oversold prices.
The SGD price dropped three or four times in a short period of time. Normally, the risk is relatively small. After all, if the price dropped five or ten times in more than a month, there would be great opposition in the market.
🔹Reviews of Cognitive Society
No one cares about the fluctuation of Bitcoin anymore, but the surge in Ethereum and Ethereum Series, and the surge in CoinAnX coins have slowly revived the sentiment of retail investors. After all, the rise and fall of Bitcoin has nothing to do with most people, and the unit price is too high.
Cognition Society believes that the short-term hot spots in the market are: one is Ethereum and Ethereum ecosystem, and the other is the new coin of Coinan. After the market scolded, the market should also put pressure on market makers, and a large number of new coins rebounded from oversold prices.
The SGD price dropped three or four times in a short period of time. Normally, the risk is relatively small. After all, if the price dropped five or ten times in more than a month, there would be great opposition in the market.