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🔹Reviews of Cognitive Society
Bitcoin's highest rebound point of 59,700 on July 11 coincides with the pressure point of 60,000 in yesterday's article
Bitcoin's highest rebound point on July 10 was 59,300, which is close to the pressure point of 59,000 in yesterday's article.
The highest point of Bitcoin's rebound on July 9 was 58,100, which coincides with the pressure point of 58,000 in yesterday's article.
The highest point of Bitcoin's rebound on July 8 was 58,200, which coincides with the pressure point of 58,000 in yesterday's article.
According to Jinshi.com, the annual rate of the unadjusted CPI in June was 3.0%, far below the market expectation of 3.1%, and fell sharply to the lowest level since June last year. The monthly rate of the seasonally adjusted CPI in June was -0.1%, the first negative value since May 2020.
If the decline in CPI data indicates that inflation in the United States is under control, the Fed has the objective environment to cut interest rates. The key to when to cut interest rates is to see whether Japan, South Korea, or Europe will suffer a setback.
If nothing unexpected happens in the second half of the year, the interest rate will be cut around September. If the market expects that the interest rate will be cut for three years this year, it will be a big positive. After all, a rate cut is a positive. A rate cut three times...............
Bitcoin's 60,000 - 64,000 is a strong pressure point, so a sharp drop is a collective retreat of profit-taking, and a sharp drop is still an opportunity. 57,000 - 55,000 is an important support level for Bitcoin.
Although the time of Ethereum spot ETF is constantly postponed, the normal trading of Ethereum spot ETF is usually in July or August. Cognition Society believes that after the Ethereum spot ETF is approved, the cottage should have a big rebound. Therefore, the cottage that is trapped will wait for a big rebound before reducing, unless it rebounds to near the cost recently.
I dare not say where the lowest point is, but whether it is the Ethereum spot ETF or the lower US interest rate cut, it is relatively certain that it is positive. Wait a while, and things will get better slowly.
🔹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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After the CPI data was released, traders began to price in three Fed rate cuts this year
On July 11, after the release of CPI data, traders expected a 25% chance that the Fed would make a third 25 basis point rate cut this year.
📍Interpretation of Cognitive Society: It is great to be able to cut interest rates twice in 24 years
Statistics: The "German Government" address has transferred 5,627 BTC today, and the current BTC holding is 9,925
According to Arkham statistics, wallet addresses marked as "German Government" have transferred a total of 5,627 bitcoins ($328.89 million) to market makers and exchanges so far today. The German government now has 9,925 bitcoins ($582.43 million) left, which is only 19.9% of the bitcoins initially seized from Movie2k.
📍Interpretation of Cognition Society: The German government will not sell for too long. At this rate, it is estimated to take about seven days.
Bitcoin spot ETFs had a total net inflow of $147 million yesterday, continuing a net inflow for 4 consecutive days
📍Cognition Society Interpretation: Bitcoin spot ETF has a huge impact on Bitcoin prices. American institutions are really rich.
Trump to Speak at Bitcoin Conference This Month
On July 11, according to official news, Trump will give a speech at the 2024 Bitcoin Conference held from July 25 to 27. A spokesperson for the conference said that Trump will give a 30-minute speech at 2 pm on the last day of the conference. According to previous news, several politicians will also give speeches at this conference, including presidential candidate Robert Kennedy Jr., former presidential candidate Vivek Ramaswamy, and Republican Senators Bill Hagerty and Marsha Blackburn.
📍Interpretation of Cognition Society: It would be a great benefit if Trump could become the president of the United States.
🔹Summary: Bitcoin is expected to rebound if it does not break 56,800. 60,000 to 64,000 are strong pressure points. Every plunge in Bitcoin 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 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: 57000 55500
Pressure level: 59200 60000
🏷Ethereum
The sharp rise was trapped at 3250. In fact, the suppression at this time was not due to the spot selling pressure of Ethereum, but because there were too many people going long, so the sharp drop of Ethereum was an opportunity.
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 3250
Support: 3100 3060
🏷LINK
Want to stand firm 13.7 14.6
Can fully circulated value coins take off in the future market, especially after the Ethereum spot ETF is approved?
New value, new RWA leader, the plunge can be configured, cognitive society 22 23 years 5 layout LINK
🏷 him
Consolidation and other directions 8.4 is the key
Pressure level: 8.2 8.4
Support: 7.7 7.5
🏷️BLUR
0.18 0.2 Pressure
If Binance is not too abnormal, there will be a big rebound at 0.15 and 0.13
🏷OP
1.8 2 pressure level
Cognition Society was the only one who reminded us to upgrade Cancun when the OP bottom was around 1.3.
Pressure level: 1.8 2
Support level: 1.55 1.5
🏷️
Cognitive Society thinks that ENS TON should be replaced by Ethereum at this time
🏷ARB
0.75 0.8 pressure level
🏷CRV
Stuck at 0.3 0.36
51.4 million CRV have been locked in the past 4 days, accounting for about one-third of the total CRV issuance in 2024
According to DefiMoon, 51.4 million CRV have been locked in the past 4 days, accounting for about one-third of the total CRV issuance in 2024. These locks have also affected the ratio of veCRV to CVX, which has risen from 5.5 in June to 6.44 today. If the anchor price of cvxCRV remains stable and new veCRV continues to flow into the Convex platform, more positive effects are expected.
🏷️UN
Highest 2.2 expected
2.2 2.3 Pressure Level 2 1.9 Support Level
🏷️TREES
0.0008 pressure level
0.00075 0.007 support level
🏷️WIF
1.55 support level 1.8 2 resistance level
🏷1000RATS
Why
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
4.8 in front of 5.1 5.7
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: 5.1 5.3
Support: 4.7 4.5
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 advocate the bull market every day?
