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🔹Reviews of Cognitive Society
On May 3, Bitcoin rebounded to 60,000 for the first time, which was expected, but it soared to 62,000 due to the positive non-agricultural data.
Why is Bitcoin so strong when the non-farm data is positive?
Because of the positive non-agricultural data, the expectation of a US interest rate cut is faster. As long as the US cuts interest rates, the possibility of a surge in Bitcoin and the encryption industry will increase.
This is why, even though Cognitive Society clearly knows that the price of altcoins has plummeted but Bitcoin has not fallen yet, why don’t they dare to cut their losses?
Because there are too many positive and negative factors in the crypto industry, when Bitcoin breaks down and plummets, the altcoins may not follow suit.
It is true that Bitcoin plummeted, but it may surge in 24 hours due to various favorable factors. Once the bottom is cut, the bull market will be missed.
It is better to be stuck in a bull market for a few months than to miss out on the bull market.
Every plunge in Bitcoin and Ethereum is an opportunity, so keep an eye on it. From the current perspective, April 14 is likely to be the historical bottom area.
SOL stimulates 145 to drop 118, and rebounds to 145. 145 155 is the key pressure point
WIF, JTO, PEPE...More👉Hot copycat trend reviews
🔹The K-line spirit of cognitive society
Many new fans feel that the articles of Cognition Society do not have direct bullish or bearish opinions, which affects the chances of making money by playing contracts. The principle of Cognition Society is to play more spot in a bull market. We do not over-judge the rise and 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.
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🔹 Daily Coin News Interpretation
After the U.S. stock market opens tonight, the ETF custody address will have a net outflow of about 579 BTC, including:
Outflow: Grayscale (GBTC) outflow of about 926 BTC;
Inflows: Four ETFs including Ark Invest (ARKB) received approximately 347 BTC.
Currently, the eleven BTC spot ETFs hold a total of 818,991 BTC (approximately US$48.59 billion).
📍Interpretation of Cognition Society: Bitcoin spot ETF has been continuously outflowing, and it is difficult for Bitcoin to be strong. Pay attention to whether Bitcoin spot ETF can flow in on May 4
U.S. interest rate futures see two Fed rate cuts in 2024
On May 3, U.S. interest rate futures currently expect the Federal Reserve to cut interest rates by 25 basis points twice in 2024, compared with one before the non-farm payrolls. In addition, traders have brought forward their expectations for the Fed's first rate cut from November to September.
📍Interpretation of Cognition Society: One of the driving forces of the 24-year bull market is the interest rate cut in the United States. The interest rate cut may be postponed, but it will not be stopped, because American banks and companies cannot bear it.
Uniswap: The total number of Swap users this year has reached 7.25 million, more than double that of last year
According to data disclosed by Uniswap Labs on the X platform, the total number of Swap users using the Uniswap interface has reached 7.25 million this year, compared to 3.02 million last year, which means that this indicator has more than doubled this year compared to last year.
📍Cognition Society Interpretation: The 4 most valuable projects in the cryptocurrency world: Bitcoin, Ethereum, UNI, SOL. Unfortunately, UNI was blocked by the SEC
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🔹Summary: Bitcoin is strong due to favorable factors. At present, April 14th is likely to be the historical bottom area; 24 years is the initial stage of the bull market of Bitcoin and Ethereum. Every plunge is an opportunity. The long-term K-line research focuses on Ethereum UNI OP NEAR BLUR and link cake;
🔹May 4 short-term data
🏷Bitcoin
Support: 61000 60000
Pressure level: 63 000 64600
🏷Ethereum
3100 3300 is the key pressure point
When the price falls, arrange the long-term position of Ethereum in batches
Pressure level: 3100 3200
Support: 3000 2960
🏷 him
Going for 7.5 is too timid, follow others SOL and bounce back to the starting point
The 1. More near 1. More OP in the 2023 year of Cognitive Society, and the 0.2 BLUR, 200 BNB, and 5.5 LINK have been trapped and rotten for N months. Many altcoins in 2024 may also be trapped for several months. It is not meaningful to update and play the band at this time. In the next few months, most of the time, everyone will lie flat.
Cognition Society is the only one that reminds the bottom area near UNI4
Support: 6.8 6.5
Pressure level: 7.4 7.8
🏷️BLUR
Those who escaped at the top at 0.8 can buy it back when the market plummets.
0.41 0.43 Pressure level
🏷LINK
The high position can be taken back
🏷1000SATS
0.3 0.34 is a strong pressure point
0.22 0.2 is an important support level
Reduce positions near the cost of 1000SATS, and reduce the proportion of long-term positions after reducing positions. The fluctuation is too large and most people can't stand it.
In case of a sharp drop in SATS, pay attention to it in batches. Here are the new batch of coins that Cognitive Society is paying attention to in the long term.
🏷1000RATS
0.14 pressure level
0.1 0.09 support level
In case RATS plummets, pay attention to it in batches. Here are the new batch of coins that Cognitive Society is paying attention to in the long term.
1000RATS
Reduce positions near cost, and reduce the proportion of long-term positions after reducing positions. The fluctuation is too large and most people can't stand it.
🏷DYDX
2.45 is the strong pressure point
Near support level 2
Every time DYDX plummets, you should allocate some and pay attention to it. The new batch of long-term coins that Cognitive Society pays attention to
Cognitive Society is very optimistic about the future and value of DYDX, which can be followed in batches
🏷 AI
0.92 0.9 support level
0.98 1.1 pressure level
Every time AI plummets, you should allocate some and pay attention to the new batch of long-term coins that Cognitive Society is paying attention to.
🏷BNB
Can you believe it?
On Earth, when BNB is around 200, Cognition Society exclusively reminds you to invest in BNB between 210 and 180
Support: 560 550
Pressure level: 580 590
🏷NFP
0.39 0.36 support level
0.43 0.48 Pressure level
Every time NFP plummets, you should allocate some and pay attention to the new batch of long-term coins that Cognitive Society is focusing on.
🏷CRV
family
0.48 pressure level
🏷OP
The rush to 3 is really fierce, don't chase high, pay attention to the fall back
Cognition Society was the only one who reminded us to upgrade Cancun when the OP bottom was around 1.3.
Pressure level: 3 3.2
Support: 2.75 2.6
🏷ARB
This TM can also go sideways. It can only be strong if it stands firmly at 1.25
Don't cut meat
Cognitive Society Earth Exclusive Reminder "ARB" 0.9 below the fixed investment, for example 0.88 0.85 0.82 0.79 0.76 0.73. The actual minimum is 0.74
🏷NEAR
6.7 7 Pressure 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: 6.7 7
Support: 6.4 6.2
🏷️
The high position is taken back, there is not enough time. It may not be updated temporarily in the future. There are too many coins in the state
🔹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.
Mismatch between desire and ability
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?
