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🔹Reviews of Cognitive Society
On September 12, the highest point of Bitcoin rebound was 58,600, which coincided with the pressure point of 58,500 in the cognitive article.
After all, the CPI data is a small positive. Although it may cause the Fed to reduce the interest rate from 50 basis points to 25 basis points in September, it also shows that the US economy does not have too many problems. As long as the US economy does not decline, continued interest rate cuts will lead to huge liquidity, that is, more money in the market.
It is expected that Bitcoin rebounds to 58,500. Whether it continues to rebound or falls back to around 55,500 is the key to the future market. Now is mid-September. If Bitcoin can continue to rebound and close with a big positive line in September, it will be of great significance to the market. Of course, the liquidity of the market in the first month of the interest rate cut is still very insufficient. It is more of a desire, not a sufficient logical judgment.
Because the market, especially the cottage industry, has been falling for so long and so deeply, the only thing we can do at this point is to wait for a big rebound. There is no other choice.
Bitcoin rebound pressure level 58500 60,000
The support level of 55500 is the key support level
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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U.S. job market slows, but layoffs remain low
On September 12, the number of initial jobless claims in the United States increased by 2,000 to 230,000 in the week ending September 7. The slight increase in the number of people applying for unemployment benefits suggests that layoffs remain at a low level despite the slowdown in the labor market. It is important to note that last week's data included the Labor Day holiday. Data tends to be volatile during public holidays. However, the number has barely changed since falling from an 11-month high of 250,000 in late July. The slowdown in the labor market has been driven by companies cutting back on hiring as rising interest rates have suppressed demand across the economy. Against the backdrop of a slowing job market, the Federal Reserve is expected to launch its policy easing cycle next Wednesday, and will certainly cut interest rates by 25 basis points after the sharp slowdown in year-on-year CPI growth in August, although inflation remains somewhat sticky
📍Interpretation of Cognition Society: There are two situations when employment data is bad. One is that there are not enough new jobs, and the other is that unemployment has increased significantly.
Yesterday, the US Bitcoin ETF had a net inflow of 771 BTC, and the Ethereum ETF had a net outflow of 1,591 ETH
According to Lookonchain monitoring, yesterday (September 11), 10 US spot Bitcoin ETFs had a net inflow of 771 BTC (US$44.32 million), and 9 Ethereum spot ETFs had a net outflow of 1,591 ETH (US$3.72 million).
📍Interpretation of Cognitive Society: BlackRock’s Ether purchases are not working recently.
Market News: Grayscale to Launch First US XRP Trust Fund
According to market news, Grayscale will launch the first US XRP Trust Fund, paving the way for the launch of a potential XRP ETF in the future. It is reported that the potential XRP Trust Fund will be a so-called "closed-end" fund designed to provide qualified investors with direct investment opportunities in XRP.
📍Cognition Society Interpretation: Cognition Society was the first to propose that the copycat ETF may be UNI SOL XRP ETF.
🔹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: 56600 55500
Pressure level: 58400 60000
🏷Ethereum
Still stuck at 2400
A sharp drop in Ethereum is an opportunity to enter the market
Deploying Ethereum is the core strategy.
Pressure level: 2380 2400
Support: 2290 2240
🏷️SUN
Abnormally weak 140 not encountered
🏷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
Stuck at 7
It’s not that there is a lot of selling pressure around 7. There is a lack of positive news. UNI’s exchange profits are used to buy back coins and then destroyed
Cognition Society believes that if UNI wants to take off, it needs to repurchase tokens with profits and then destroy them.
Pressure level: 6.8 7
Support: 6.5 6.3
🏷️WIF
1.5 1.4 support level
1.6 1.75 pressure level
🏷️BLUR
Just stand firm at 0.17 and sprint to 0.2
0.15 support level
🏷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
0.25 support level
🏷️UN
This wave of SOL ecosystem is a bit weak.
2 Struggling Nearby
🏷️TREES
0.0068 is stuck 0.00059 53 support level
🏷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
The highest is just around 4.2
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 level: 4 3.8
🏷️YUP
0.69 0.64 support level
0.75 pressure level
🏷BNB
On Earth, when BNB is around 200, Cognition Society exclusively reminds you to invest in BNB between 210 and 180
Support: 520 510
Pressure level: 545 555
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?
