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🔹Reviews from Cognitive Society
On October 1, Bitcoin rebounded weakly and then plummeted. Near 60,000 is an important support level.
Bitcoin's weekly critical point is that if it holds 60,000, it can sprint to 65,000. The weekly MACD will hopefully be greater than 0, but
If Bitcoin falls below 60,000 with large volume, the support level of 55,000 will be too far away.
The Fed Chairman said in his speech that the interest rate will be cut by 25 basis points in November and December, and the desire of institutions to buy Bitcoin will decline. Cognition Society believes that this negative impact is not big. In Cognition Society's view, as long as the US economy does not decline and the interest rate cuts continue, the rest is just a matter of time.
Since the interest rate cut in November was small, we can continue to cut interest rates in February and take it slow.
The daily MACD value of Bitcoin is close to 0, so you need to be cautious, because if the MACD is negative, the short-term rebound will become weak.
On October 1, Bitcoin fell back to the lowest point of 61,600 and was close to the support level of 60,600 in the article of Cognitive Society yesterday.
On September 30, Bitcoin fell back to the lowest point of 63,200, which coincided with the support level of 63,200 in the Cognitive Society article yesterday.
The highest point of Bitcoin rebound on September 29th was 66,000, which coincides with the pressure point of 66,500 in the article of Cognitive Society yesterday.
The highest point of Bitcoin rebound on September 28 was 66,500, which coincides with the pressure point of 67,000 in the article of Cognitive Society yesterday.
The highest point of Bitcoin rebound on September 27 was 66,400, which coincides with the pressure point of 67,000 in the article of Cognitive Society yesterday.
On September 26, Bitcoin fell back to the lowest point of 62,700 and was close to the support level of 63,000 in the article of Cognitive Society yesterday.
🔹News Interpretation
Yesterday, the U.S. Ethereum spot ETF had a net outflow of $730,000, and BlackRock ETHA had a net inflow of $11.08 million
Bitcoin spot ETF had a net inflow of $61.2966 million yesterday, continuing its net inflow for 8 consecutive days
📍Interpretation of Cognition Society: The buying of Ethereum ETF is far weaker than that of Bitcoin.
Fed Chairman Powell: If the economy develops as expected, there will be two more rate cuts this year totaling 50 basis points
Federal Reserve Chairman Powell said that the Fed does not feel in a hurry to cut interest rates quickly; if the economy develops as expected, there will be two more rate cuts this year, with a total of 50 basis points; all factors will be considered in the November interest rate decision; and inflation of goods and services will roughly return to pre-pandemic levels.
📍Interpretation of Cognition Society: Each time is 25 points, and the total of 2 times is 50 points. It plummeted below expectations.
Uniswap Labs Revenue Exceeds $52.75 Million After April Fee Increase
According to DefiLlama, Uniswap Labs earned $52.75 million in fees between April 1 and September 30, 2024.
Meanwhile, Uniswap remains the largest decentralized exchange by volume over the past seven days, with a total volume of $8.1 billion.
📍Interpretation of Cognition Society: UNI needs to buy back coins with profits and then destroy them.
🔹Summary: Bitcoin 60,000 is the key support level. Every time Bitcoin plummets, it 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: 61600 60600
Pressure level: 63500 64500
🏷Ethereum
Still stuck at 2700
A sharp drop in Ethereum is an opportunity to enter the market
Deploying Ethereum is the core strategy.
Pressure level: 2580 2630
Support: 2480 2400
🏷️SUN
143 is the key support level 162 is the key resistance level
🏷LINK
10.8 10 is the key support level
New value, new RWA leader, the plunge can be configured, cognitive society 22 23 years 5 layout LINK
🏷 him
The lowest is 7
Cognition Society believes that if UNI wants to take off, it needs to repurchase tokens with profits and then destroy them.
Pressure level: 7.5 7.8
Support level: 7 6.7
🏷️WIF
2.6 2.8 Pressure level
2.2 2 Support Level
🏷️BLUR
0.22 0.2 support level
0.25 0.28 pressure level
🏷OP
1.9 is stuck, 1.6 1.5 is the key support level
Cognition Society believes that OP around 1.2 is still worth considering
Pressure level: 1.9 2
Support levels: 1.7 1.6
🏷CRV
Plunge Weakness
0.255 is the key support level
🏷️UN
2.1 2 Support Level
🏷️TREES
Fall too deep
0.00067 0.0062 is the key support level
🏷1000SATS
0.00027 is the core support level, and it will remain bullish until it is broken.
Extremely volatile, strictly control positions
🏷1000RATS
0.012 0.01 is the key support level
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
5.2 broke the 4.8 4.5 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: 5.2 5.5
Support: 4.8 4.5
🏷️YUP
If you want to catch up, SOL needs to stand firm at 162. 1 is a strong pressure point.
It has fallen to the same place. 0.8 is the key support level
AI
The decline is too deep. It’s not that we won’t update, but we can only wait.
If you want to be strong, you need to stand firm at 0.65
🏷BNB
550 520 is the key support level
600 660 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: 550 525
Pressure level: 570 580
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 promote the bull market every day?
