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🔹Reviews of Cognitive Society
On April 18, Bitcoin fell back to the lowest point of 58,000, which coincided with the support level of 58,000 in the article of Cognitive Society yesterday.
On April 17, Bitcoin rebounded to 64,400 and then fell back, which is consistent with the pressure point of 64,000 in the article of Cognition Society yesterday.
Yesterday, Cognition News reminded: Bitcoin rebounded at lower and lower highs, and the market risk has not been released. On April 18, Bitcoin hit a new low of 59,600 as expected. Fortunately, Ethereum and Shanzhai did not hit a new low.
The pressure point of Bitcoin rebound is 64500-66800. Cognition Society believes that there is no good news. Bitcoin may not be able to stabilize at 66800 in the short term. Because Bitcoin spot ETF has been flowing out in recent days, few retail investors will buy Bitcoin at the bottom. Most institutions go for Bitcoin spot ETF, which is easy to transfer accounts and legal.