🔹Cognitive Society Commentary.
On November 5, Bitcoin surged to 75600 under the positive stimulus of Trump's election as president.
This aligns with Cognitive Society's previous judgment; the market's core is whether Trump can be elected president, and other factors have little impact.
There are no clear resistance levels above Bitcoin since it's already at its historical peak, and there are no trapped investors, only clear support levels near 70,000.
Many people do not know what benefits Trump's presidency brings to the crypto space? Cognitive Society's exclusive analysis:
First: As the world's number one power, the attitude of the United States is very important, and the attitude of the U.S. President is particularly important. An expert says Bitcoin is very important for the future; Putin and other major country presidents won't care.
But if the U.S. President says Bitcoin is good and suggests including Bitcoin in the U.S. strategic reserves, Putin and other major country presidents will take it seriously.
Second: The U.S. President has the authority to lead the SEC. Why did UNI and AAVE surge today? Remember when UNI surged 17 and then suddenly dropped by half? The SEC is targeting UNI. We, as ordinary people, have no way, but the U.S. President can replace the SEC chairman...
Third: Strengthening the rule of law and national construction for the U.S. crypto industry. It is meaningless for us to talk about what the U.S. should do, but the U.S. President can implement it, such as submitting some proposals to Congress and the SEC to help the crypto space be accepted by mainstream American society.
Fourth: Trump's holdings in Ethereum will greatly affirm the value of Ethereum and altcoins. I have Ethereum but no persuasive power; having Ethereum as the U.S. President is huge trust and support.
Interest rates will be lowered in November and December; the pullback can still be monitored. As long as the U.S. economy does not decline, the opportunities in the crypto space in 2025 are huge.
Mike Novogratz states that Trump's victory may bring 'hundreds of billions of dollars' to the crypto ecosystem.
According to Bitcoin Magazine, Galaxy CEO Mike Novogratz stated in an interview with CNBC that he sees a 'significant shift in energy' in the crypto industry after Trump's victory, which could bring 'hundreds of billions of dollars' to the crypto ecosystem.
Trump elected as the 47th President of the United States.
After Trump's victory, the U.S. may face five major changes.
(The New York Times) predicts that after Trump regains power, five major changes may occur in U.S. politics.
1. Strengthening presidential power: After Trump returns to the White House, he may increase presidential power through federal government departments operating independently of the White House and by arranging more 'insiders' to change the balance of power.
2. Targeting political opponents: Trump is likely to use presidential power to retaliate against what he sees as political enemies, starting with current President Biden and his family. Previously, Trump stated that if re-elected, he would appoint a special prosecutor to 'investigate' Biden and his family.
3. Strictly control immigration: For Trump, combating illegal immigration has always been one of his core policies. Trump's chief immigration advisor, Stephen Miller, stated that Trump's second term will involve large-scale deportations of illegal immigrants, expecting to deport over one million people from the U.S. each year.
4. Massive taxation: Trump plans to impose new tariffs on most imported goods, with new import tax rates generally reaching 10%. (The New York Times) pointed out that this would not only raise domestic prices in the U.S. but could also trigger a global trade war, harming the interests of U.S. exporters.
5. Alienate European allies: After Trump takes office, he may alienate traditional European allies, weaken NATO, and even directly lead to the U.S. withdrawing from NATO.
The spending for the 2024 U.S. presidential election has reached an all-time high, totaling $3.5 billion.
According to the Financial Times, the 2024 U.S. presidential election set a record for the highest campaign spending ever. Trump and Harris's two camps raised nearly $4.2 billion in total, with actual spending reaching $3.5 billion. The report indicates that as of mid-October, the fundraising scale of the two candidates' campaign teams, external support groups, and party committees was roughly equal.
SEC's crypto-friendly commissioner Hester Peirce is considered a potential successor for the next chairman.
Trump has acknowledged the removal of current SEC Chairman Gary Gensler, leading to speculation about potential successors, especially those who may lean towards a more crypto-friendly approach. Hester Peirce, a commissioner of the SEC known for her support of cryptocurrencies, is viewed as a potential replacement for Gensler and has been called 'Crypto Mom' by the community for her advocacy in the field. Hester Peirce has previously criticized the SEC's enforcement approach, suggesting that clearer regulations for the crypto industry would better serve public interest and enhance the U.S. position in global digital finance.
📍Cognitive Society Interpretation: Hope Ethereum staking ETF gets approved and takes off.
Federal Reserve mouthpiece: If the Republicans control both houses of Congress, the Federal Reserve may revise its basic assumptions in December.
"Federal Reserve mouthpiece" Nick Timiraos wrote that Federal Reserve officials are currently facing a question: will the election outcome lead to significant changes in economic demand or inflation, thereby necessitating different policy paths? Timiraos stated that officials will not change their policy guidelines until they understand President Trump's proposed reforms regarding taxes, tariffs, and immigration. However, if the Republicans also win control of both houses of Congress, they may begin to revise some basic assumptions at the December meeting.
After Trump's election, Goldman Sachs and JPMorgan are looking at crypto clients to seek IPO opportunities.
According to industry insiders, investment bankers from top Wall Street firms such as JPMorgan, Goldman Sachs, and Morgan Stanley have been meeting with crypto executives, hoping to gain opportunities for profitable IPOs that crypto companies may pursue after the election. The new enthusiasm reflects optimism about market and regulatory conditions improving after Donald Trump wins the U.S. presidential election, potentially paving the way for companies like Kraken, Fireblocks, and Chainalysis to go public. Advisors say bankers' interest in the meetings is also different from most of the past two years when many investment banks believed that crypto companies were too risky to do business with.
Republican control in the Senate may mean greater support for cryptocurrencies in Congress.
Bernstein: After Trump's inauguration, the SEC and Senate Banking Committee are expected to adopt a friendly attitude towards cryptocurrencies.
Brokerage firm Bernstein stated in a research report on Thursday that the outcome of the U.S. election should enhance the transparency of digital asset regulation. With Donald Trump winning the presidential election and the Republican Party gaining control of the Senate, the SEC and the Senate Banking Committee's attitudes towards cryptocurrencies are expected to become more friendly.
📍Cognitive Society Interpretation: This is Trump's significance for the rule of law and national construction.
🔹Summary: Bitcoin can be monitored during pullbacks. 71500 and 70000 are important support levels; every Bitcoin crash is an entry opportunity for Ethereum.
Starting in May 24 is the mid-term of the Bitcoin and Ethereum bull market; every drop is an opportunity. The focus of long-term K-line research should be on Ethereum, UNI, OP, NEAR, BLUR, and LINK.
🔹Short-term data.
Disclaimer: The K-line data analysis provided by Cognitive Society is based on data analysis, does not represent any stance, and has not received any funds from project parties.
🏷Bitcoin
Support levels: 72500, 70000.
Resistance levels: 76000, 79000.
🏷Ethereum
The key to whether it can rebound is 2740.
Ethereum encounters sharp drops as entry opportunities.
Laying out Ethereum is a core strategy.
Resistance levels: 2680, 2740.
Support levels: 2580, 2520.
🏷️SOL
160 is near the lowest point; it has taken off. Whether it can be strong is crucial at 195.
🏷LINK
10 is indeed the lowest point, too bad it didn't take off with UNI; 13 is a key resistance level.
New value, new RWA leader. The crash can be an opportunity; Cognitive Society laid out LINK in 22 and 23.
🏷uni
A drop of 6.6, friction at 9.2, because Trump can replace the SEC chairman.
Cognitive Society believes that for UNI to soar, it needs to buy back tokens with profits and then burn them.
Pressure levels: 9.3, 10.
Support levels: 8.7, 8.
🏷️WIF
1.9 is indeed the lowest point; 2.45 is in friction, and 2.6 has a relatively large resistance level.
🏷️BLUR
Still weak, 0.24 is a strong resistance level that hasn't been touched. 0.26 and 0.29 are extremely strong resistance levels.
🏷️DOGE
Soaring after a drop of 0.146; a pullback can still be monitored, after all, Trump and Musk are together.
🏷OP
Cognitive Society believes that OP around 1.2 is still worth considering.
Resistance levels: 1.7, 1.9.
Support levels: 1.5, 1.4.
🏷CRV
Wants to firmly stand at 0.266, 0.3.
🏷️JTO
1.8 is indeed the lowest point; 2.55 is a strong resistance level.
🏷️BOME
It's really exaggerated; unidirectional, with 0.009 and 0.01 as strong resistance levels.
🏷1000SATS
Want to stabilize and hold 0.00027.
Extreme volatility; strict control of positions.
🏷1000RATS
0.12, 0.14 are key resistance levels.
When 1000RATS rebounds near cost, reduce positions. After reducing positions, lower the proportion of long-term positions; the volatility is too high, and most people can't stand it.
🏷NEAR
4.4 is a key resistance level.
When NEAR's price was around 1 in 23, Cognitive Society exclusively reminded to dollar-cost average from NEAR 1.3 to 1.
Resistance levels: 4.2, 4.4.
Support levels: 4, 3.8.
🏷️JUP
0.82 is really the lowest point; 1.1 is a strong resistance level.
🏷AI and NFP
The drop is too deep; it's not that there are no updates, it's just that we have to wait.
To be strong, it needs to hold above 0.65.
🏷BNB
The lowest of 542 aligns with the support level of 540 mentioned in Cognitive Society's articles, surging; around 600 is a strong resistance level.
On Earth, when BNB was around 200, Cognitive Society exclusively reminded to dollar-cost average from BNB 210 to 180.
Support levels: 570, 560.
Resistance levels: 600, 610.
Waiting for more updates on other rebounds.
🔹Cognitive attitude towards making money.
Cognitive Society does not like to play the hindsight game.
Also not fond of the way those KOLs boast about making money.
If there is anyone in the crypto space who can profit from every coin's price fluctuation.
Leveraging for a year is not to make 10 billion.
But the second largest exchange on Earth watches the manipulators control the market and still went bankrupt after losing tens of billions.
Form your own trading system, earn money within your understanding, do not fantasize about making money from daily price fluctuations, and do not think you can profit from every coin's price changes. There is no such person on Earth, nor such an organization. If such an organization existed, the trading platform FTX, which monitors the main forces, would not have collapsed.
Desire and ability are mismatched.
The heart can never be at peace.
How can you hold coins if your heart is not at peace?
Many people like to hold coins during crashes, relying on promises and guarantees from others.
Banks can collapse, even the fiat currencies of major countries can collapse, with Evergrande and Zhongzhi systems going bankrupt in the trillions.
Do you think that in such a high-risk crypto industry, those who promise returns can be trusted?
Just a bunch of nonsense from charlatans; have you seen those who hyped during a bull market still around during a real crash and bear market?
