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🔹Reviews of Cognitive Society
Bitcoin's lowest point on July 4th was 56,800, which coincides with the support level of 57,000 in yesterday's article.
The highest point of Bitcoin's rebound on July 3 was 63,800, which coincides with the pressure point of 64,000 in yesterday's article.
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.
The situation never changes. The decline of Bitcoin is expected. The decline of copycats is beyond our expectations. Bitcoin still fell to around 57,000. Unfortunately, it was a slow decline, not a sharp drop.
What is the difference? A sharp drop can break through long orders and does not give retail investors a chance to go long. A negative drop is different. It cannot break through long orders and gives retail investors a chance to go long again.
The ratio of long to short Ethereum is more than 4, which means that 400 people are long Ethereum and 100 are short Ethereum. Ethereum spot ETF is traded very quickly, and everyone wants to make up for the huge losses of the copycat by going long Ethereum.
The consequence is that the main force is crazy and forced to increase.
Other analyses and ideas are meaningless. Those who have no bullets can just hold on to the spot and wait.
The plunge with bullets only considers ether. Cognitive Society is different from those analysts who always make money. I am also afraid of the fall of the copycat. Wait a minute.
🔹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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US Bitcoin spot ETF had a net outflow of US$20.5 million yesterday
In-depth analysis: Bitcoin spot ETF has played a decisive role in the price of Bitcoin, and there is no purchasing power in the market.
The German government has transferred 3,000 BTC, equivalent to about $174 million, to its address today
According to Lookonchain monitoring, the German government transferred another 3,000 BTC (US$174 million) today, of which 1,300 BTC (US$75.5 million) were transferred to Bitstamp, Coinbase and Kraken; it currently still holds 40,359 BTC (US$2.33 billion).
📍Cognition Society Interpretation: The U.S. government, the German government, and Mentougou, everyone is rushing together.
Russia's central bank advises companies to consider alternative payment solutions such as cryptocurrencies to deal with Western sanctions
Russia’s central bank has urged businesses to consider various payment solutions, including cryptocurrencies and digital assets, to manage transactions with foreign partners and counter Western sanctions.
Elvira Nabiullina, the head of the Central Bank of Russia, stressed that the central bank has softened its stance on the use of cryptocurrencies in international payments. She also mentioned the ongoing efforts to establish alternative global payment systems, such as BRICS Bridge.
📍Interpretation of Cognition Society: Note that this is a suggestion made by the Russian Central Bank.
A whale's 12,734 ETH position in Compound is on the verge of liquidation, and its health is only 1.06
According to Lookonchain monitoring, as the market falls, a whale who is long on ETH is on the verge of liquidation.
It deposited 12,734 ETH ($40 million) into Compound and borrowed $31.4 million in stablecoins, with a health rating of only 1.06.
The whale will be liquidated when the ETH price drops to $2,984.
📍Interpretation of Cognitive Society: Even the giant whales are losing money, let alone ordinary people.
🔹Summary: Bitcoin 56800 54000 support level, every Bitcoin plunge 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 bottoming out.
May 2024 is the mid-term 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: 56800 54000
Pressure level: 59000 60000
🏷Ethereum
It is around 3000, but it is a negative decline, and it needs to fall very quickly.
If the Ethereum spot ETF is traded in August, there is still one month left
Focus for the next six months
A sharp drop in Ethereum is an opportunity to enter the market
Deploying Ethereum is the core strategy.
Pressure level: 3200 3280
Support: 3060 2900
🏷LINK
The decline has been made up. 11 is the key support level
New value, new RWA leader, the plunge can be configured, cognitive society 22 23 years 5 layout LINK
🏷 him
If UNI falls below 8.4, be careful of further losses
8.4 is an extremely important support level
Pressure level: 8.4 8.8
Support: 7.7 6.6
🏷️BLUR
We escaped at 0.8, but are still stuck at 0.4
Waiting for Spring
Cognition Society believes that BLUR is below 0.38 and some long-term investments should be allocated in batches
🏷OP
My three views and five senses were broken
Cognition Society was the only one who reminded us to upgrade Cancun when the OP bottom was around 1.3.
Pressure level: 1.66 1.8
Support: 1.45 1.2
🏷️
Cognitive Society thinks that ENS TON should be replaced by Ethereum at this time
🏷ARB
Only when it stands firmly at 0.85 can it avoid a sharp drop, and only when it stands firmly at 1 can it stabilize
Cognition Society believes that the layout below "ARB" 1 is carried out in batches
🏷CRV
0.26 is here, but I have no choice but to wait for the market
CRV is backed by the main force, and the sharp drop can be watched
🏷️UN
On July 4, JTO fell back to the lowest point of 1.94, which coincided with the support level 2 in the article of Cognitive Society yesterday.
On July 3, JTO fell back to the lowest point of 2.27, which coincided with the support level of 2.2 in the article of Cognitive Society yesterday.
The highest point of JTO’s rebound on July 2 was 2.47, which perfectly matches the pressure point of 2.48 in yesterday’s Cognitive Society article.
1.9 1.7 support level
🏷️TREES
It is true that 0.0008.............is an important support level
0.0007 is the bottom line, if it is broken, the market will plummet
🏷️WIF
1.6 1.45 support level
🏷1000RATS
0.11 is here, it is the key support level. 0.074 was broken
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
4.4 support level is the core, there must be a big rebound, the next position is 4
Note that NEAR is a bit weak, don’t touch it unless it is at a high position
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: 4.9 5.1
Support: 4.6 4.4
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 promote the bull market every day?
