#灰度XRP信托基金开放 #ETH #BTC #sol #美降息25个基点预期升温
🔹Cognition Society comments
On November 3, Bitcoin retraced to a low of 67800, which has a large error compared to yesterday's Cognition Society article at 68500.
On November 2, Bitcoin retraced to a low of 69000, which aligns with yesterday's Cognition Society article at 68800.
On November 1, Bitcoin rebounded to a high of 71700, which aligns with yesterday's Cognition Society article resistance level of 7200.
Bitcoin's drop isn't large; altcoins are just speechless.
The decline of altcoins is completely beyond Cognition Society's expectations. I dislike hindsight trading; such gradual declines are hard to predict because the market will lack liquidity.
When will the market stabilize? It will need to wait for the results of the new U.S. presidential election. Trump's extreme friendliness towards the crypto industry contrasts with Harris, who is very average and has never expressed a liking for the crypto industry.
If Trump is elected President of the United States, the crypto industry will skyrocket;
Just in case...
Bitcoin's 68000 66000 is a short-term support level, and true volatility will depend on the results in the U.S.
There will also be interest rate cuts in November, expected to be 25 basis points.
Cognition Society believes the core influencing factor for Bitcoin in the medium term is Trump's presidency and the U.S. interest rate cut intensity. As long as Trump is president of the U.S., the crypto industry should experience a significant surge, but just in case... a sharp drop.
After December, market liquidity will gradually increase, and with the certainty of the U.S. election, Cognition still believes the market will gradually improve.
Musk: The Republican Party is expected to achieve a great victory in Pennsylvania.
Musk stated on social media that the Republican Party is expected to achieve significant victories in Pennsylvania. The gap between 2024 and 2020 has exceeded 600,000, close to 10% of the total electorate.
📍Cognition Society interpretation: Musk has been very supportive of Trump recently.
A whale transferred 15,000 ETH to Kraken half an hour ago, with a cumulative transfer of $250 million in ETH to exchanges this year.
A whale that built a position of 96,638.9 ETH at an average price of $1567 in 2022 transferred 15,000 ETH to Kraken half an hour ago, worth $36.7 million, suspected of selling.
This address has cumulatively transferred 85,000 ETH to exchanges this year, with a total value of $250 million at an average price of $2953. If sold, it would yield a profit of $117 million, with 11,639 ETH remaining.
📍Cognition Society interpretation: Ethereum is too weak.
BlackRock's Ethereum ETF holdings have exceeded 450,000 ETH.
BlackRock officially updated Ethereum exchange-traded fund data, as of this Friday, November 1, ETHA holdings exceeded 450,000 ETH, reaching 466,274.9828 ETH, with a market value of approximately $1,168,909,417.08.
📍Cognition Society interpretation: Very few, BlackRock needs 3 million Ethereum to support Ethereum.
Former SEC official: There is a risk in the SEC issuing a Wells notice to Immutable without a thorough investigation.
📍In-depth interpretation: This is the meaning of the U.S. President, controlling the SEC.
🔹Summary: Bitcoin's 68000 66000 is an important support level, and 71500 is an important resistance level. Every time Bitcoin crashes is an entry opportunity for Ethereum.
Starting from May 2024, it will be the mid-term bull market for Bitcoin and Ethereum. Each sharp decline is an opportunity. Focus on long-term K-line research of Ethereum, UNI, OP, NEAR, BLUR, and LINK.
🔹Short-term data
Disclaimer: The K-line data analysis provided by Cognition Society is based on data analysis, does not represent any position, and does not receive a penny from any project party.
🏷Bitcoin
Support levels: 67500 66000
Resistance levels: 69500 70500
🏷Ethereum
2400 is a key support level, 2580 is a short-term resistance level.
Buying Ethereum was originally intended for meeting young models at a club, but now it seems I will become a young model at the club.
On November 2, Ethereum reached a low of 2420, which aligns with yesterday's Cognition Society article support level of 2400.
On November 1, Ethereum reached a low of 2470, which aligns with yesterday's Cognition Society article support level of 2480.
On November 1, Ethereum reached a low of 2470, which aligns with yesterday's Cognition Society article support level of 2480.
On October 31, Ethereum reached a low of 2530, which is close to yesterday's Cognition Society article support level of 2560.
On October 30, Ethereum reached a high of 2720, which aligns with yesterday's Cognition Society article resistance level of 2730.
Ethereum encounters sharp declines as entry opportunities.
Positioning Ethereum is the core strategy.
Resistance levels: 2500 2580
Support levels: 2400 2320
🏷️SOL
As long as 160 doesn't break, there is still hope for a rebound.
🏷LINK
This time the drop is not large.
10.8 10 support level
New value, new RWA leader. A sharp decline can be an allocation opportunity, Cognition Society's LINK layout in 22 and 23.
🏷uni
7.2 is in friction.
Cognition Society believes UNI needs to buy back tokens with profits and then burn them to take off.
Resistance levels: 7.4 7.6
Support levels: 7 6.8
🏷️WIF
2 is an important support level, currently contested. 2.25 2.4 are resistance levels.
On November 2, WIF retraced to a low of 2.04, which aligns with yesterday's Cognition Society article support level of 2.
On November 1, WIF retraced to a low of 2.14, which is close to yesterday's Cognition Society article support level of 2.26.
On November 1, WIF retraced to a low of 2.24, which aligns with yesterday's Cognition Society article support level of 2.26.
On October 31, WIF retraced to a low of 2.44, which aligns with yesterday's Cognition Society article support level of 2.4.
On October 30, WIF rebounded to a high of 2.7, which perfectly aligns with yesterday's Cognition Society article resistance level of 2.7.
On October 29, WIF retraced to a low of 2.24, which aligns with yesterday's Cognition Society article support level of 2.2.
🏷️BLUR
There was no rebound even at 0.2.
🏷️DOGE
0.15 0.14 are important support levels.
🏷OP
Cognition Society believes that OP around 1.2 is still worth considering.
Resistance levels: 1.5 1.6
Support levels: 1.4 1.3
🏷CRV
Around 0.25 is contested.
🏷️JTO
2.1 1.8 is an important support level.
🏷️BOME
Truly exaggerated one-sided; 0.0072 was also average before, with a strong support level at 0.0062.
🏷1000SATS
0.00022 is the key, breaking it becomes weak and searches for a bottom. 0.0015 is the key support level.
Extremely volatile, strictly control positions.
🏷1000RATS
0.09 is the short-term support level.
When 1000RATS rebounds to near cost, reduce positions. Lower the long-term position ratio after reducing, as the volatility is too large, which is unbearable for the average person.
🏷NEAR
Weak bottom search.
When NEAR's price was around 1 in 2023, Cognition Society was the only one to remind dollar-cost averaging from 1.3 to 1.
Resistance levels: 4 4.2
Support levels: 3.6 3.4
🏷️JUP
0.9 is the short-term bottom line.
🏷AI and NFP
The drop is too deep; it's not that there's no update, but one can only wait.
To be strong, it needs to stabilize at 0.65.
🏷BNB
On Earth, when BNB was around 200, Cognition Society exclusively reminded to dollar-cost average BNB from 210 to 180.
Support levels: 550 540
Resistance levels: 570 580
Other updates will come when there is a bit more of a rebound.
🔹Cognition's attitude towards making money.
Cognition Society dislikes hindsight trading.
Also, I don't like to hype what KOLs say about making money.
If anyone in the crypto circle can profit from every coin's rise and fall.
Using leverage for a year is not about making 10 billion.
But the second-largest exchange on Earth is watching the manipulators control the market and has only lost tens of billions before going bankrupt.
Form your own trading system, earn money within your understanding, don't fantasize about profiting from every daily rise and fall, and don't fantasize about profiting from every coin's rise and fall. Such a person does not exist on Earth, nor does such an institution. If such an institution existed, the exchange FTX, which oversees the main backers, would not have collapsed.
Desire and ability do not match.
Inner peace can never be achieved.
How can you hold onto coins if your inner peace is not calm?
Many people tend to rely on others' promises and guarantees to hold onto coins during a crash.
Banks can go bankrupt, even fiat currencies of large countries can go bankrupt. Evergrande and Zhongzhi have gone bankrupt with trillions.
Do you think that in such a high-risk place in the crypto industry, people who promise returns are trustworthy?
It's just that the charlatan talks nonsense. Have you seen those who tout during bull markets still around during a real crash and bear market?
