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🔹Reviews of Cognitive Society
On May 4, Bitcoin surged to 64,600, which is perfectly consistent with the pressure point of 64,600 in the Cognition Society article yesterday.
Stop loss in the trading market is the most difficult, and it is also difficult for Cognitive Society itself
Theoretically, Bitcoin fell below the previous neckline of 59,000, and should have plummeted, but it fell to 56,400 and rebounded to 64,000.
The reason why Bitcoin is so unilateral is that the interest rate cut time changes due to non-agricultural data, but in essence it is because the Bitcoin spot ETF determines the price of Bitcoin.
The most important thing on May 4th was not the surge in Bitcoin, but Grayscale’s first increase in Bitcoin holdings in three years.
Grayscale's GBTC has been sold for nearly four months since the Bitcoin spot ETF was approved. If there is a little inflow of funds in the future, Bitcoin's 56,500 is likely to be the bottom area.
Because in the past four months, Fidelity and BlackRock have raised tens of billions of dollars in incremental funds, and the only Bitcoin spot ETF that has outflowed is Grayscale.
I dare not imagine how much incremental funds Grayscale will have in the next six months. If it can keep from flowing out, the strength of Bitcoin is visible to the naked eye.
Bitcoin rebound pressure level 65000 66600
Although incremental funds have entered the market, it seems impossible for Bitcoin to stabilize at 66,600 in one go, because is the market cleansing after a few days of plunge really sufficient?
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 perspective of the altcoin market, April 14 is likely to be the historical bottom.
SOL 152 160 pressure level
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
Yesterday, GBTC had a net inflow of $63 million, the first net inflow since it was converted into a spot Bitcoin ETF
According to Farside Investors data, GBTC had a net inflow of US$63 million yesterday, the first net inflow since it was converted into a spot Bitcoin ETF.
In addition, EZBC had a net inflow of US$60.9 million, BITB had a net inflow of US$33.5 million, ARKB had a net inflow of US$28.1 million, and HODL had a net inflow of US$8.7 million.
📍Cognition Society Interpretation: As long as Grayscale does not sell in large quantities, Bitcoin will be strong, not to mention Grayscale buying
GSR Markets deposited 6 million ARB to Binance in the past 8 hours, equivalent to 6.42 million US dollars
According to on-chain analyst @ai_9684xtpa, in the past 8 hours, GSR Markets has deposited a total of 6 million ARBs to Binance, worth US$6.42 million.
Tracing back to the source of funds, it was found that this part of ARB was the vested token unlocked at 04.16, perhaps Arbitrum investors or early participants entrusted GSR to sell it.
📍Interpretation of Cognitive Society: Even big investors cut their losses
Bank of New York Mellon and other institutions have successively disclosed their Bitcoin ETF holdings to the SEC
Institutional investors have successively disclosed their holdings of Bitcoin ETFs in 13F documents submitted to the US SEC. So far, the two largest institutions that have disclosed holdings of Bitcoin ETFs are BNP Paribas and BNY Mellon. Among them, BNY Mellon holds nearly 20,000 IBIT shares and about 7,000 GBTC shares, while BNP Paribas only holds about 1,000 IBIT shares.
In addition, Pittsburgh-based Quattro Advisors and Legacy Wealth Management also showed large holdings, with Quattro Advisors holding more than 468,000 IBIT shares and Legacy Wealth holding more than 350,000 FBTC shares.
One of the largest holders of IBIT is Yong Rong, which disclosed in its 13F filing that it holds more than 1 million IBITs, making it one of the largest assets in its portfolio. Bloomberg ETF analyst Eric Balchunas pointed out that Yong Rong is not the only Hong Kong asset management company to invest in Bitcoin ETFs. Ovata holds shares in multiple Bitcoin ETFs, including FBTC, GBTC and BITB as well as IBIT.
Previously, several companies have disclosed their respective Bitcoin ETF holdings, including Brookstone Capital Management (holding FBTC and BITB shares) and LexAurum (holding IBIT shares). (Blockworks)
Hong Kong Bitcoin Spot ETF has held 4,218 BTC since its listing three days ago
According to HODL15Capital monitoring, the Hong Kong Bitcoin Spot ETF has held 4,218 BTC in the three days since its listing, and each ETF holds at least 1,000 BTC.
📍Cognition Society Interpretation: Why Bitcoin Spot ETF is legal, because it is open and transparent
Cognitive Society articles are updated every day
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🔹Summary: Whether Grayscale's GBTC will flow out or in in the future is the key. At present, it is highly likely that April 14th is the historical bottom area, and Bitcoin 56,500 is highly likely to be the 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 5 short-term data
🏷Bitcoin
Support: 62500 62000
Pressure level: 64800 66600
🏷Ethereum
3200 3300 is the key pressure point
When the price falls, arrange the long-term position of Ethereum in batches
Pressure level: 3160 3200
Support: 3080 3020
🏷 him
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: 7.2 7
Pressure level: 7.8 8.2
🏷️BLUR
0.43 pressure level
🏷LINK
The high position can be taken back
🏷1000SATS
0.3 0.34 is a strong pressure point
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 0.18 Pressure level
In case RATS plummets, pay attention to it in batches, and 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
If you want to be strong, you need to stand firm at 1.1 pressure level
Every time AI plummets, you should allocate some and pay attention to it. The new batch of long-term coins that Cognitive Society pays 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: 580 570
Pressure level: 600 620
🏷NFP
Play badly
0.5 pressure level is the key
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: 3.1 3.3
Support: 2.85 2.7
🏷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: 7 7.4
Support: 6.6 6.4
🏷️
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?
