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🔹Reviews of Cognitive Society
On September 22, Bitcoin fell back to the lowest point of 62,300, which coincided with the support level of 62,300 in the Cognitive Society article yesterday.
On September 21, Bitcoin fell back to the lowest point of 62,300, which is close to the support level of 61,800 mentioned in yesterday's article.
On September 20, the highest point of Bitcoin rebound was 64,100, which was close to the pressure point of 63,500 mentioned in yesterday’s article.
64000 still firmly suppressed the market, and the highest point of the rebound on September 22 was 63500, and then fell back.
Although Bitcoin and altcoins have rebounded strongly recently, it is still not possible to say that Bitcoin has stabilized, because Bitcoin's weekly lows continue to decline, and the rebound highs continue to decline, indicating that the market's confidence is still insufficient. Whether Bitcoin can stabilize at 65,000 by the end of September is of great significance.
Because if the altcoin wants to rebound strongly, or even rebound on a weekly basis, Bitcoin must stabilize.
On September 23, Bitcoin will choose a short-term direction. As long as Bitcoin holds 61,000, it will be considered strong and there is still a chance of rebound in the future.
Bitcoin rebounds to 63600, 66200 is the key pressure point
Bitcoin falls back to 61000, 59000 is the key, as long as it holds 61000, it will continue to be bullish.
🔹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.
The spot Ethereum ETF had a net outflow of $26.2 million this week, reducing its holdings by a total of 11,460 ETH
Spot Bitcoin ETFs saw a net inflow of $397.1 million this week, with a total increase of 6,578.89 BTC
📍Cognitive Society Interpretation: BlackRock’s love for Ethereum is really not enough.
BlackRock IBIT's Bitcoin holdings appear to have remained unchanged for a week
According to BlackRock's official data, as of September 20, the holdings of its spot Bitcoin exchange-traded fund IBIT reached 357,550.2143 BTC, worth approximately $22,497,148,867.85. Historical data shows that as of September 16, IBIT's holdings were also 357,550.2143 BTC, which means that IBIT's holdings have not changed for a week.
📍Cognitive Society Interpretation: BlackRock has been a bit timid recently
The size of the Federal Reserve's balance sheet has dropped to around $7.1 trillion, and it has shrunk by a total of $1.39 trillion this year.
According to the Fed's official website, as of September 17, the Fed's balance sheet has dropped to around $7.1 trillion, now at $7.109 trillion. The total balance sheet reduction this year is about $1.39 trillion.
Interpretation of Cognition Society: The US is still shrinking its balance sheet, indicating that the market liquidity is very lacking.
🔹Summary: Bitcoin 64000 is the short-term critical point, 61000 60000 is the short-term key support level, every Bitcoin plunge 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: 62200 60500
Pressure level: 63800 66000
🏷Ethereum
On September 22, Ethereum rebounded to 2630 and the pressure level was 2620.
2600 2700 is the key pressure point
2500 2440 is the key support level
A sharp drop in Ethereum is an opportunity to enter the market
Deploying Ethereum is the core strategy.
Pressure level: 2590 2630
Support: 2520 2480
🏷️SUN
FTX sell-off is very weak, no attention if there is no sharp drop 152 pressure level, continue to rebound if it does not break 141
🏷LINK
11.6 13.2 is the key resistance level 10.5 is the key support level
New value, new RWA leader, the plunge can be configured, cognitive society 22 23 years 5 layout LINK
🏷 him
Very weak
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 level: 6.5 6.4
🏷️WIF
1.6 is the key support level 2 is the strong resistance level
🏷️BLUR
0.23 is stuck and there is a risk of falling back to 0.19
🏷OP
It's a pity to be stuck at 1.8, 1.8 is not a strong pressure point 2 is a strong pressure point
Cognition Society believes that OP around 1.2 is still worth considering
Pressure level: 1.8 2
Support level: 1.6 1.5
🏷CRV
0.31 0.34 is the key pressure point
🏷️UN
This wave of SOL ecosystem is a bit weak.
2.3 2.5 Pressure level
2 is the key support level
🏷️TREES
0.0006 0.0056 Support
🏷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
0.014 is the key pressure point
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: 4.6 4.8
Support: 4.3 4.2
🏷️YUP
0.89 0.94 Pressure level
0.8 is the key support level
🏷BNB
585-600 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: 570 560
Pressure level: 586 600
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?
