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🔹Reviews of Cognitive Society
The US CPI data on September 11 will have a decisive significance for the interest rate cut. If the CPI drops quickly, it will also be a positive. There is also a debate between the two US presidential candidates. Whether Bitcoin can be discussed is of great significance.
Bitcoin's support level is 56400-54800. As long as 56400 is maintained and 58000 is repeatedly rushed, 58000-60000 is a strong pressure level. Unless there is good news tomorrow night, it will be difficult to stand firm.
If the CPI data is positive and Bitcoin sprints to 60,000, there should be a rebound in the altcoin market.
It is still the beginning of the month, and it would be nice if September could continue to rebound for a month to let everyone breathe a sigh of relief. However, Cognition Society believes that it is unlikely that there will be a big market near the first rate cut in the United States. If the rate is cut again in October or November, it may be much better.
The market lacks money and confidence, and everyone needs a strong rebound.
Bitcoin's weekly and monthly trends are still not impressive, which is consistent with the actual economic situation and shows that it takes time for the market to strengthen.
Wait patiently for spring.
🔹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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September 10 News Update
The U.S. spot Bitcoin ETF had a net inflow of $28.75 million yesterday, ending eight consecutive days of net outflows
According to Trader T's monitoring, the US spot Bitcoin ETF had a net inflow of US$28.75 million yesterday.
US spot Ethereum ETF had a net outflow of $5.2 million yesterday
📍Interpretation of Cognition Society: Bitcoin spot ETF can slowly rebound with a large influx of funds.
The U.S. SEC levied $4.68 billion in cryptocurrency fines in 2024, a year-on-year increase of more than 30 times
The U.S. Securities and Exchange Commission (SEC) levied $4.68 billion in cryptocurrency fines in 2024, an increase of 3,018% from the previous year. The fines include various financial penalties, such as forfeiture, disgorgement of ill-gotten gains, civil penalties, settlements, and pre-judgment interest. According to statistics, the SEC took 11 enforcement actions in 2024, compared to 30 in 2023. Judging from the trend of previous years, the average fine in 2018 was $3.39 million, which rose to an average of $426 million in 2024, an increase of 12,466.37%.
📍Interpretation of Cognition Society: Cognition Society supports SEC’s scam, but those who engage in value projects like UNI are bad guys.
Russian President Putin: Russia is a leader in Bitcoin mining
Russian President Vladimir Putin said in a speech at the Eastern Economic Forum that Russia has become one of the world leaders in Bitcoin mining. He explained that this is due to the ability to tap into excess energy in regions such as Siberia, but he also warned that such activities should not hinder the region's development.
According to a report by Sergey Bezdlov, chairman of the Industrial Mining Association, Russia produced 54,000 bitcoins in 2023, generating more than $550 million in tax revenue for the country. However, Bezdlov estimated that this figure will increase due to the influx of new investors in the field, thanks to the recently approved law on cryptocurrency mining.
📍Cognition Society Interpretation: I want to laugh....Russia was the most vehement opponent of Bitcoin at the time, if the US dollar had not been cut off...
🔹Summary: Bitcoin 58500-60000 is the key short-term pressure point. Every plunge of 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: 56300 54800
Pressure level: 58500 60000
🏷Ethereum
Grayscale keeps selling, BlackRock doesn't buy, it's really weak
A sharp drop in Ethereum is an opportunity to enter the market
Deploying Ethereum is the core strategy.
Pressure level: 2380 2560
Support: 2300 2260
🏷️SUN
The rebound is particularly weak. 145 and 155 are key pressure points.
🏷LINK
10.8 resistance level 10 9.2 support level
New value, new RWA leader, the plunge can be configured, cognitive society 22 23 years 5 layout LINK
🏷 him
6.7 7 is the key pressure point
Cognition Society believes that if UNI wants to take off, it needs to repurchase tokens with profits and then destroy them.
Pressure level: 6.7 7
Support levels: 6.4 6.25
🏷️WIF
Slowly climb 1.8 2 strong pressure level
1.4 It’s time to eat some meat
🏷️BLUR
Just stand firm at 0.17 and sprint to 0.2
🏷OP
1.65 2 pressure level, want to stand firm 2
Cognition Society believes that OP around 1.2 is still worth considering
Pressure level: 1.6 1.8
Support: 1.45 1.4
🏷CRV
0.3 0.33 pressure level
Struggling around 0.27
0.25 support level
🏷️UN
This wave of SOL ecosystem is a bit weak.
2 Struggling Nearby
🏷️TREES
Slowly crawl
0.0072 78 is the pressure point
🏷1000SATS
Extremely volatile, strictly control positions
0.00027 is the core support level, which is bullish unless it is broken; 0.00034 is the short-term pressure level
🏷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
4.15 is the key pressure point
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: 4.15 4.4
Support: 3.85 3.7
🏷️YUP
0.77 0.82 Pressure level
🏷BNB
535 is the short-term pressure level
On Earth, when BNB is around 200, Cognition Society exclusively reminds you to invest in BNB between 210 and 180
Support: 500 490
Pressure level: 520 535
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?
