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🔹Reviews of Cognitive Society
On September 15, Bitcoin rebounded to a high of 60,500 as expected.
Bitcoin is consolidating strongly and waiting for short-term direction. Currently, the four top divergences of Bitcoin are the biggest risk. To resolve this risk, one is to step back to around 58,000, and the other is to break through 60,600 to 63,000 with large volume.
Because the top divergence is caused by insufficient volume, a large volume breakthrough is also a way to solve the top divergence.
Bitcoin's daily line is close to the o-axis, so if it can stand firm at 60,600, it will be of great significance to the confidence of the market, because if the copycat wants to go further, it needs Bitcoin to give it confidence and environment. After all, the crypto industry has seen a sharp drop in Bitcoin, and the possibility of copycats making huge profits is not high.
The attitude of Cognitive Society is still to enter the market at a sharp drop, and dare not chase high. The part of the bottom-fishing still needs to rebound and reduce the position. After all, many people are trapped in the long term. Don't worry about how much it will rise in the future. Always sacrifice part of the profit to live. No one can wait for a big surge before eating.
Gains and losses
As long as Bitcoin does not break 58,000, it is considered strong and will repeatedly sprint to 60,500.
🔹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 15 News Update
Ethereum spot ETFs had a weekly net outflow of $12.9 million, and most institutions except ETHE held unchanged positions
Bitcoin spot ETF set a record for the largest single-day net inflow in nearly two months yesterday
US spot Bitcoin ETFs bought 6,892 BTC this week, more than miners produced
Bitcoin spot ETFs saw a weekly net inflow of over $400 million, with Grayscale seeing its first net inflow of 115.32 BTC since July
Grayscale GBTC holdings fell to approximately 222,000 BTC, and ETHE holdings fell to approximately 1.74 million ETH
📍Cognitive Society Interpretation: Grayscale still has 1.74 million ethers, and it will take several months
MicroStrategy and BlackRock IBIT hold more than 600,000 BTC worth more than $36 billion
📍Interpretation of Cognitive Society: It is a huge positive in the short term, but a huge negative in the long term. Just look at Grayscale selling off Ethereum now.
FTX/Alameda is unstaked SOL worth more than $1 billion
According to Lookonchain monitoring, FTX/Alameda is unstaking more than $1 billion worth of SOL. In the past three months, FTX/Alameda has unstaked 530,000 SOL ($71 million) and transferred it to multiple addresses, with an average of 176,700 SOL ($23.5 million) unstaked per month. FTX/Alameda still has 7.06 million SOL ($945.7 million) staked.
📍In-depth analysis: SOL has bought less 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 60600 63000 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: 59000 57000
Pressure level: 60600 63000
🏷Ethereum
2400 are repeatedly fought over
A sharp drop in Ethereum is an opportunity to enter the market
Deploying Ethereum is the core strategy.
Pressure level: 2450 2500
Support: 2380 2340
🏷️SUN
FTX sell-off is very weak, no attention if there is no sharp drop. 145 did not even touch the key support level of 122
If, by any chance, FTX sells off a huge amount of SOL, there is a chance that 80% can increase its efforts, and the altcoin will also usher in a surge.
🏷LINK
11.6 is the short-term pressure level
New value, new RWA leader, the plunge can be configured, cognitive society 22 23 years 5 layout LINK
🏷 him
The whales are selling, and the market has been particularly weak recently. It is possible that there will be good news after the whales sell. 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: 6.9 7.1
Support: 6.6 6.5
🏷️WIF
1.5 1.4 support level
1.66 1.75 pressure level
🏷️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: 1.64 1.8
Support: 1.45 1.4
🏷CRV
0.3 0.33 pressure level
0.25 is the key support level
🏷️UN
This wave of SOL ecosystem is a bit weak.
2 Struggling Nearby
🏷️TREES
0.0068 pressure level 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
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: 4.3 4.44
Support level: 4 3.8
🏷️YUP
0.84 is the key pressure point
0.73 is the key support level
🏷BNB
570 600 is extremely important, the key is whether BNB's weekly line is the second top
On Earth, when BNB is around 200, Cognition Society exclusively reminds you to invest in BNB between 210 and 180
Support: 545 535
Pressure level: 566 577
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?
