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🔹Reviews of Cognitive Society

From September 3rd to 4th, Bitcoin was hovering at 57,700, with almost no fluctuations.

Therefore, the game between long and short sides began to reach a balance, waiting for a new direction. One is waiting for the occurrence of bad news and good news, and the other is looking for a breakthrough point. The most ideal state is a sharp drop of 54,000 and then a sharp rise, breaking through the long orders near 57,000 and sweeping the stop loss.

The biggest disadvantage of a direct rise is that 57700 is the recent important support level, and there are a lot of bottom-fishing orders. If the stop loss is not swept, the rise will be a risky profit.

Bitcoin rebounded to 60,000 and 62,500, which are important pressure levels. Bitcoin plummeted to 56,000 and 54,000, which are important support levels.

We can only wait for the incremental funds after the interest rate cut to save the situation.

All we can do is to pay attention to Ethereum when Bitcoin plummets, and wait for Ethereum's performance.

🔹The K-line spirit of cognitive society

Many new fans feel that the articles in Cognition Society do not directly predict the rise or fall of prices, which will affect their fortune. The principle of Cognition Society is to focus on spot trading 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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Polymarket's Trump's chances of being elected president have risen to 51%, while Vice President Harris's chances have dropped to 47%.

According to data from the forecasting website Polymarket, Trump's probability of being elected as the US president in 2024 has risen to 51%, while Vice President Harris' probability of being elected has dropped to 47%.

📍Interpretation of Cognitive Society: If Trump wins in November, it will be a huge boon to the cryptocurrency world.

A whale deposited 14.95 million BLUR into Binance, resulting in a floating loss of 3.54 million US dollars

According to Spot On Chain, a whale has just deposited 14.95 million BLUR ($2.18 million) into Binance. During the Blur and Blast airdrop hype last November, the whale withdrew most of the BLUR ($5.72 million) from OKX at about $0.383 to stake the tokens. If it is actually sold at $0.148 now, the whale will lose $3.54 million (-61.9%). The whale had already canceled the staked BLUR 2 months ago when the price was $0.209, but did not sell it at that time.

📍Interpretation of Cognitive Society: Countless people have sold their shares of BLUR’s giant whale

Russia to start trial of using cryptocurrencies for cross-border payments next week

Russia will begin trialing cross-border crypto payments next week in an effort to circumvent international sanctions.

The legislation, which was passed in late July and quickly signed into law by President Vladimir Putin, does not lift the existing ban on using cryptocurrencies as legal tender for regular payments within Russia, but allows the use of cryptocurrencies for cross-border payments.

📍Interpretation of Cognition Society: Slowly more countries are opening up to Bitcoin.

🔹Summary: Bitcoin is around 57,000, 54,000 is the key support level, 60,000 and 62,000 are the short-term key pressure levels, every plunge in Bitcoin is an opportunity for Ethereum to enter the market

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      54000

Pressure level: 60000 61000

🏷Ethereum

2400 2150 important support level 2600 key resistance level

A sharp drop in Ethereum is an opportunity to enter the market

Deploying Ethereum is the core strategy.

Pressure level: 2540 2600

Support: 2460       2400

SUN

126 rebound is within the expected range, 140 is the key pressure point

🏷LINK 

10.2 9.4 is the support level    11.2 12 is the key resistance level

New value, new RWA leader, the plunge can be configured, cognitive society 22 23 years 5 layout LINK

🏷 him

Want to stabilize 6.1 6.8

Pressure level: 6.1 6.6

Support levels: 5.7 5.2

🏷️WIF

1.4 1.2 support level

1.7 is the key short-term pressure point

🏷️BLUR

Countless whales suffered heavy losses in spot trading

0.17 0.2 pressure level

0.15 0.13 support level

🏷OP

Cognition Society believes that OP around 1.2 is still worth considering

Pressure level: 1.5 1.6

Support levels: 1.35 1.25

🏷CRV

0.27 is not broken effectively, no big problem, 0.33 is the key pressure level 0.36 is a strong pressure level

🏷️UN  

This wave of SOL ecosystem is a bit weak.

2.2 2 Support Level

🏷️TREES  

0.0064 pressure level

0.0053 to see the rebound strength

🏷1000SATS

Extremely volatile, strictly control positions

0.00027 is the core support level, which just rebounded from the lowest point

🏷1000RATS

Weak

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

3.8 is the key support level, 3 is the strong support level

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: 4.2 4.4

Support: 3.8 3.5

🏷️YUP

0.7 0.64 support level

🏷BNB

On Earth, when BNB is around 200, Cognition Society exclusively reminds you to invest in BNB between 210 and 180

Support: 510 500

Pressure level: 540 550

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?