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🔹Reviews of Cognitive Society
No update on June 7
There is a big difference between the highest point of Bitcoin's rebound on June 6, 71,500, and the pressure point of 72,500 in yesterday's article of Cognitive Society.
The difference between the highest point of Bitcoin's rebound on June 5, 71,400, and the pressure point of 70,900 in yesterday's article of Cognitive Society
Bitcoin's highest rebound point of 70,000 on June 4 coincides with the pressure point of 70,000 in yesterday's Cognitive Society article
Bitcoin's highest rebound point of 70,200 on June 3 coincides with the pressure point of 70,000 in yesterday's article by Cognition Society
Bitcoin's lowest point on June 2, 67,200, coincides with the support level of 67,000 in yesterday's article.
On June 6, Bitcoin started to trade at 72,000, which was a very strong consolidation. Bitcoin once again approached its historical high. However, it plummeted due to the negative impact of non-agricultural data.
The support level of Bitcoin's plunge is 68,000 to 66,000. As long as Bitcoin holds 68,000, the decline of the altcoin will be limited. However, if Bitcoin falls below 66,000, the altcoin will fall again.
I know that every time Cognition Society says to focus on Ethereum, many people think that the growth of the altcoin is large and the multiple is large. Cognition Society does not argue that the altcoin will have a large growth in the future. It is because the volatility of the altcoin is too large, and the sharp drop is not something that ordinary people can bear.
The pressure points for Bitcoin's rebound are 70,000 and 72,000, both of which are positions with relatively high selling pressure. If Bitcoin cannot hold steady at 70,000, it will repeatedly test the bottom at 68,000 and 66,000.
The support level of Bitcoin is used to configure the altcoin.
ENA 0.83 is a rebound control position, TNSR1.1 SAGA2.5 PYTH is also. W0.62 has made a lot of money.
There is still some time before the Ethereum spot ETF is open for trading, so every time there is a sharp drop in Ethereum, it is the first thing to consider.
Pay attention to Ethereum when it is low, and the Ethereum ecosystem is the core strategy.
🔹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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The U.S. spot Bitcoin ETF saw net inflows of $215 million yesterday, marking the 18th consecutive trading day of net inflows.
📍Cognition Society Interpretation: The invincible buying power of US institutions is the support for Bitcoin prices.
Analysis: Institutions have built a $6.9 billion net short position in MicroStrategy
According to Fintel analysis, according to the list of the largest short positions disclosed by institutions to the SEC, institutions have established a net short position of $6.9 billion in MicroStrategy, ranking first among crypto-related companies, accounting for 23.14% of its market value. This high percentage indicates strong bearish sentiment or hedging. If market conditions change, a short squeeze may occur.
In addition, Coinbase has a net short position of $1.1 billion and Marathon has a net short position of $100 million. (CryptoSlate)
📍Cognition Society Interpretation: Unless Bitcoin plummets, MicroStrategy's stock price risk is small.
CryptoQuant: Whale accounts have recently spent an average of $1 billion per day on Bitcoin
The latest data from CryptoQuant shows that the Bitcoin market has seen significant investment growth recently, with whale accounts buying approximately $1 billion in Bitcoin daily. Long-term holders have amassed a total of 70,000 BTC over the past 30 days, the largest increase since late April. On the other hand, demand for Bitcoin from large investors is now growing at a monthly rate of 4.4%, the fastest pace since April 20.
📍Interpretation of Cognitive Society: This purchasing power is super strong
Traders slashed bets on a September Fed rate cut, with the odds now at just 55%.
March nonfarm payrolls were revised down to 310,000 from 315,000, and April payrolls were revised down to 165,000 from 175,000. After these revisions, March and April payrolls combined fell by 15,000 from the pre-revision levels.) U.S. interest rate futures traders have sharply reduced their bets on a September Fed rate cut, now pricing in a 55% chance of a cut, compared with a 70% prior reading.
📍Cognition Society Interpretation: This is an important reason for the plunge, and interest rates may be cut in November.
🔹Summary: Bitcoin falls back to the support level of 68000 66000. Every time Bitcoin falls back, it is an opportunity for Ethereum to enter the market.
There is no destructive negative news. Bitcoin 56600 is likely to be the bottom area of the third historical bottom. At present, it is likely that April 14th is the historical bottom area. Bitcoin 56500 is likely to be the bottom area;
May 2024 is the mid-term of the bull market for Bitcoin and Ethereum. Every plunge is an opportunity. Long-term K-line research focuses on Ethereum UNI OP NEAR BLUR and Link Bread;
🔹Short-term data
Disclaimer: The K-line data analysis provided by Cognitive Society is based on data analysis, does not represent any position, and does not confiscate any project party a penny.
🏷Bitcoin
Support: 68000 66000
Pressure level: 70000 72000
🏷Ethereum
The decline is not large, but it is not an independent trend.
If the Ethereum spot ETF is traded in August, there are still 2 months left
Focus for the next six months
A sharp drop is an opportunity to enter the market
Deploying Ethereum is the core strategy
The highest point of Ethereum's rebound on June 6 was 3880, which coincides with the pressure point of 3900 in the article of Cognitive Society yesterday.
The highest point of Ethereum's rebound on June 5 was 3840, which coincides with the pressure point of 3850 mentioned in yesterday's article.
The highest point of Ethereum's rebound on June 3, 3854, coincides with the pressure point of 3860 mentioned in yesterday's article.
On June 2, the highest point of Ethereum rebound was 3838, which was close to the pressure point of 3860 mentioned in yesterday’s article.
The highest point of Ethereum's rebound on June 1, 3810, coincides with the pressure point of 3810 in yesterday's Cognitive Society article.
Pressure level: 3710 3800
Support: 3660 3600
🏷LINK
link15 again is depressing
New value, new RWA leader, the plunge can be configured, cognitive society 22 23 years 5 layout LINK
🏷 him
Wait for good news to come, don’t chase high prices
Fight around 10. If UNI surges, half of it will be exchanged for Ethereum.
🏷️BLUR
A drop of 0.35 is too...
Support: 0.35 0.33
Cognition Society believes that BLUR's sharp drop can be used to allocate some long-term investments in batches
🏷OP
Play badly
Cognition Society was the only one who reminded us to upgrade Cancun when the OP bottom was around 1.3.
Pressure level: 2.3 2.4
Support level: 2.1 2
🏷️
20 is not a big drop, it is still double the previous low of 10
🏷ARB
Why
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
🏷️TNSR
Minimum 1.1
🏷️SUN
SUN
Struggling around 160
🏷️WIF
Plunge
No update on June 7
On June 6, the lowest WIF level of 3.3 coincided with the support level of 3.35 in the article of Cognitive Society yesterday.
The highest WIF of 3.55 on June 5th coincides with the pressure level of 3.5 in yesterday’s Cognitive Society article.
On June 4, the lowest WIF level of 3.2 was consistent with the support level of 3.2 in the Cognitive Society article yesterday.
On June 3, the lowest WIF level was 3.07, which coincides with the support level 3 in the article of Cognitive Society yesterday.
The lowest WIF level of 3.15 on June 2 coincides with the support level of 3.2 in yesterday’s article of Cognitive Society.
The lowest WIF level of 3.15 on June 1 coincides with the support level of 3.1 in yesterday’s Cognitive Society article.
WIF3 resistance level 2.5 2.3 support level
🏷️TREES
Plunge
No update on June 7
On June 6, BOME's highest point was 0.0141, which coincided with the pressure point of 0.014 in yesterday's article by Cognition Society.
On June 5, BOME’s lowest point was 0.013, which coincided with the support level of 0.013 in yesterday’s Cognitive Society article.
On June 4, BOME’s lowest point was 0.013, which coincided with the support level of 0.013 in yesterday’s Cognitive Society article.
On June 3, BOME’s lowest point was 0.013, which coincided with the support level of 0.013 in yesterday’s Cognitive Society article.
On June 2, BOME's lowest price of 0.013 coincided with the support level of 0.013 in yesterday's Cognitive Society article.
Bome pressure level 0.012 0.013 Support level 0.0105 0.009
🏷️YUP
Plunge 0.9 0.8 support level
🏷️UN
Plunge
No update on June 7
On June 6, the lowest JTO was 3.55, which was consistent with the 3.5 expected by the Cognitive Society yesterday.
On June 5, the highest JTO was 3.77, which was consistent with the pressure level of 3.8 yesterday.
On June 4, the highest JTO was 3.65, which coincided with the pressure point of 3.7 yesterday.
On June 3, the lowest JTO was 3.4, which was consistent with the 3.43 expected by the Cognitive Society yesterday.
On June 2, the lowest JTO was 3.4, which was consistent with the 3.43 expected by the Cognitive Society yesterday.
On June 1, the lowest JTO was 3.4, which was consistent with the 3.43 expected by the Cognitive Society yesterday.
JTO resistance level 3.8 4 3.5 3.3 support level
🏷 AI
0.9 is an important support 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
🏷NEAR
6 and 5 are the core support levels
Cognitive Society is the most optimistic about NEAR on the planet. NEAR1 has been updating frantically. Now NEAR is ranked behind in the article because it has risen too much. Maybe NEAR may reach 40 in the future, and there is not much room for growth.
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: 6.8 7
Support: 6.4 6
🏷NFP
Why
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.
🏷BNB
650 small decline
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 Levels:
Pressure level: 700 720
🏷1000SATS
Lying flat 0.35 0.4 The pressure is very strong
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.
🏷1000RATS
Lying flat 0.18 is the key pressure point
Reduce positions near the cost of 1000RATS, and reduce the proportion of long-term positions after reducing positions. The fluctuation is too large and most people can't stand it.
🏷DYDX
Tank
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
🏷CRV
Speechless
🔹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?
