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🔹Reviews of Cognitive Society
The highest point of Bitcoin's rebound on July 13 was 58,900, which coincides with the pressure point of 59,200 in yesterday's article.
Bitcoin fell back to the lowest point of 56,500 on July 12, close to the support level of 57,000 in yesterday's article
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.
As soon as the German government sold out, Bitcoin rebounded strongly to 59,000. The suppression of 59,400 to 61,800 still exists, and the cognitive society is still very opposed to Bitcoin's surge.
The extreme plunge of the Shanzhai has completely cooled the market, and it is even more impossible for there to be incremental funds. The game of existing funds is the surge in Bitcoin, and the Shanzhai will definitely not surge much.
That's just a little money
Cognition Society believes that the savior of the market should be the trading of Ethereum spot ETFs, because the altcoins are linked to Ethereum, and the surge in Ethereum can drive the recovery of the altcoins. Everyone is eager for the altcoins to recover.
The bottom-fishing power in the area around 54,000 Bitcoin is very strong. If Bitcoin can fluctuate sideways around 55,000 in August and September, Ethereum spot ETF trading, and copycats take off, this should be the most desired scenario. For most people, the surge in Bitcoin means too little.
If Bitcoin closes above 63,000 on August 1, it will slowly stabilize and end its bottoming out.
The only solution is to allocate Ethereum spot in case of a sharp drop. If the short-term trend is difficult to control, you can always wait for Ethereum spot ETF trading.
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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In the past week, the US Bitcoin spot ETF has a cumulative net inflow of US$1.0476 billion
According to Farside Investors data, the U.S. Bitcoin spot ETF had a cumulative net inflow of US$1.0476 billion in the past week, of which BlackRock IBIT had a net inflow of US$522.5 million and Fidelity FBTC had a net inflow of US$358.1 million.
📍Interpretation by Cognition Society: The incremental contribution of Bitcoin spot ETF to Bitcoin is huge.
Arbitrum’s on-chain DEX transaction volume reached $1.688 billion yesterday, surpassing Ethereum and Solana to rank first
DeFiLlama data shows that the transaction volume of Arbitrum's on-chain DEX on July 12 was US$1.688 billion, surpassing Ethereum and Solana to rank first.
In addition, the daily transaction volume of DEX on the Solana chain was US$1.589 billion, ranking second; the daily transaction volume of DEX on the Ethereum chain was US$1.492 billion, ranking third.
📍Interpretation of Cognition Society: This is the reason why Cognition Society recommends ARB, and it is also the reason why Cognition Society itself is deeply trapped in ARB.
Whales holding 10,000-1 million LINK have increased their holdings by 9.2 million LINK since June 24
Santiment said in a post on X that in the current market, major Chainlink stakeholders holding 10,000-1 million LINK have been accumulating in large quantities. Since June 24, this group has increased its holdings by 9.2 million LINK, and its total holdings have increased by 4.65%.
📍Interpretation of Cognitive Society: Although Link has major players buying the bottom, it is still weak in the short term because it has not stabilized at 15.
The German government address sold all 50,179 BTC in the past 24 days, about $3.3 billion
The Bitcoin balance in the German government wallet address has reached 0
According to Arkham monitoring on July 13, the Bitcoin balance in the German government wallet address has been exhausted. The address sent 3,846.05 BTC (about $223.81 million) to Flow Traders and 139Po (possibly an institutional deposit/over-the-counter trading service) early this morning, and the current Bitcoin balance in the address is 0.
A Uniswap team/investor/consultant address transferred 1.19 million UNI to Coinbase Prime 3 hours ago
On July 13, according to on-chain analyst Ember’s monitoring, a Uniswap team/investor/consultant address continued to transfer 1.19 million UNI (9.62 million USD) to Coinbase Prime 3 hours ago. This address has transferred a total of 3.55 million UNI (29.82 million USD) to Coinbase Prime in the past 9 days. Of the 9 million UNI obtained from the Uniswap team/investor/consultant token distribution contract in September 2020, there are currently 5.45 million UNI (44.24 million USD) remaining.
📍Interpretation of Cognition Society: The bottom needs whales to exchange chips, including the US government and the German government. Project parties are all whales.
🔹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: 57500 56000
Pressure level: 59400 60000
🏷Ethereum
3220 is too weak to stand firm. It will take off soon.
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: 3220 3300
Support: 3090 3050
🏷LINK
The direction will be chosen soon. 14.4 is the key pressure point.
12 11 Support
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
8.4 is the key pressure point
Pressure level: 8.25 8.45
Support: 7.9 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
Stuck at 1.74..........
Cognition Society was the only one who reminded us to upgrade Cancun when the OP bottom was around 1.3.
Pressure level: 1.75 1.85
Support level: 1.6 1.5
🏷️
Cognitive Society thinks that ENS TON should be replaced by Ethereum at this time
🏷ARB
0.75 0.8 pressure level
🏷CRV
The key to stabilizing slowly is 0.3 0.36
0.26 0.23 support level
🏷️UN
2.1 2.2 Pressure level 1.9 1.8 Support level
🏷️TREES
0.0008 pressure level
0.0007 0.0065 support level
🏷️WIF
Very weak
1.5 Support Level 1.8 2 Resistance Level
🏷1000SATS
0.00022 24 pressure level
When 1000SATS rebounds to near the cost, reduce the position, and reduce the proportion of long-term positions after reducing the position. The fluctuation is too large and most people cannot bear it.
🏷1000RATS
0.11 has not been touched
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
5.7 is the key pressure point
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: 5.3 5.7
Support level: 5 4.8
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?
