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🔹Reviews of Cognitive Society

Bitcoin surged 70,000 on June 13 and then plummeted 67,000.

Whether it is CPI data, speech by the Fed Chairman, U.S. interest rate cut dot chart, or U.S. employment data, the U.S. data has played an extremely important role in the crypto industry.

This is what Cognition Society said before: the pricing power of Bitcoin lies with the United States, and its positive and negative effects are the positive and negative effects of Bitcoin.

No one can predict every data in the United States, so many instantaneous rises and falls are also helpless.

In the 24-year bull market, Bitcoin has seen the largest and most stable increase, while Ethereum’s three- to four-fold increase is also considered average, and UNI is currently also three-fold, but most altcoins are slaughtered near their historical lows.

This bull market is a terrible hell market for most people.

Because retail investors can’t buy Bitcoin

Few people buy Ethereum, most people are heavily invested in altcoins

From the results, we can see that Binance OK Matcha GATE outperformed the Bitcoin copycats. Ten thousand may only be dozens. Mathematically impossible events do not mean that they will not happen, but the probability of their occurrence is too low.

Very difficult

Very painful

Very painful

You are not alone

99% of retail investors

We cannot change the way the main force controls the market. We can only allocate some Ethereum and other Ethereum spot ETFs.

The founder of CRV has been borrowing continuously for three years, causing a sharp drop after each rebound.

I understand that everyone needs money sometimes, but why not sell some when CRV is 0.8?

Cognition Society believes that the founder of CRV did not have any subjective malice to allow himself to blow up his position, which shows that most people do not understand the meaning of contracts. The source of shorting contracts is to wrap and preserve value.

If the founder of CRV just wants to cash out, it is very simple, half of it is shorted in OKCoin and the other half is dumped in spot market.

So what is the problem for CRV’s founders?

Both money

Also need fame

Do you still want to sell coins?

Bitcoin has a small decline if it holds 66,000. If it falls below 66,000, it will be easier to rebound.

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.

🔹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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US Approval of Ethereum ETF 19b-4 Application Puts Pressure on Korean Regulators

South Korean regulators are facing increasing pressure to approve cryptocurrency ETFs following the recent approval of the Ethereum ETF 19b-4 application by the U.S. Securities and Exchange Commission (SEC). According to local media reports, the U.S. SEC’s decision on Ethereum is expected to force Seoul’s financial regulators to reconsider their stance on digital assets.

Xangle, a leading digital currency data provider based in Seoul, opposes the ban on digital assets in traditional securities markets, calling them "outdated" and in need of revisions to accommodate the growing importance of digital assets in modern finance. Jung Eui-jung, chairman of the Korea Shareholders Alliance, also stressed the importance of Seoul following the U.S. and approving Bitcoin and Ethereum ETFs, as the current indecision is causing frustration outside the cryptocurrency space. Jung warned that if Seoul regulators continue to make no progress while the U.S. is making progress, investors may move their funds to the U.S. market, saying that "it is only a matter of time before the U.S. fully opens its doors to other less-traded cryptocurrencies."

Compared to their counterparts in the United States, South Korea's Financial Services Commission (FSC) and Financial Supervisory Service (FSS) have been cautious about introducing crypto asset trading into the traditional securities market. According to the FSC, ETFs must strictly comply with the Capital Markets Act, which stipulates that ETFs can only be linked to traditional underlying assets. These assets include established financial instruments, securities, international currencies, and commodities, which provide the basis for financial derivatives.

📍Interpretation by Cognition Society: There is a reason why the United States has always been a world power.

He Yi: There are management measures for zombie coins, and a special department is set up to conduct daily monitoring

He Yi, co-founder of Binance, said in X Space that Binance has management measures for so-called zombie coins. Binance itself will regularly review the tokens that have been launched, focusing on indicators such as whether there is continuous development, liquidity, negative information, etc. If it finds that the tokens with higher risks are found, they will be labeled for monitoring. Binance has a special department that specializes in looking at the projects that have been launched and conducts daily monitoring.

📍Cognition Society Interpretation: Why doesn’t the bear market rectify itself?

QCP Capital: We expect the US to cut interest rates in September and maintain a structurally bullish view on the crypto market

QCP Capital, a Singapore-based crypto investment firm, said in a statement that the Consumer Price Index (CPI) data released last night has greatly boosted the rise of risky assets. The U.S. stock market has reached a new all-time high, and Bitcoin (BTC) has soared to $70,000, but then fell back to $67,300 this morning. According to market forecasts, there will be two interest rate cuts in 2024. Current interest rate futures show a 56% chance of a rate cut in September, while the second rate cut is expected to occur in December.

QCP Capital's view is that the Fed's dot plot still gives unclear information, so it is difficult to predict whether officials are more inclined to cut interest rates once or twice this year. But we expect a rate cut in September, and the Fed may take a wait-and-see attitude in the following November and December meetings. For the rest of the year, we hold a structural bullish view. This is mainly based on our expectation of the S-1 approval of the Ethereum ETF and the rate cuts that may occur in September and at the end of the year.

📍Interpretation of Cognitive Society: It doesn’t matter if the price can be reduced by a few months by the end of the year. What we are afraid of is

🔹Summary: Bitcoin's short-term pressure level is 69500-70000. If it does not break 66000, the market is fine. Every plunge of Bitcoin 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

🏷Bitcoin

Support: 67100      66000

Pressure level: 69200 70000

🏷Ethereum

Stimulus plunge 3420 and then rebound 3650

3650 plummeted to 3470

If the Ethereum spot ETF is traded in August, there are still 2 months left

Focus for the next six months

A sharp drop in Ethereum is an opportunity to enter the market

Deploying Ethereum is the core strategy.

Pressure level: 3550 3600

Support: 3460    3400

🏷LINK

Tragic rebound near 15 16 17 pressure level

New value, new RWA leader, the plunge can be configured, cognitive society 22 23 years 5 layout LINK

🏷 him

It is quite strong recently, and the key pressure level is 10.6 11

Pressure level: 10.6 11.2

Support: 9.2    8.6

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. Others:

The copycat market plummets and declines every day and waits for stabilization