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🔹Reviews of Cognitive Society
Bitcoin fluctuated sideways around 66,800 on June 14.
As soon as the US spot ETF weakens, Bitcoin will immediately weaken. Bitcoin and the entire crypto market are completely controlled by the US.
Why are 24-year-old alts so fragile and illiquid?
Normally, the liquidity of a bull market is sufficient and the depth of the altcoins is ideal. However, the liquidity of the 24-year bull market comes from the US spot ETF.
For example, the plunge on June 8, everyone just felt it was a plunge, but in fact, this plunge was fatal to quantitative trading, hot money, and small market makers.
If a round of plunge is caused by a large-volume decline due to bad news or panic, this decline is not a liquidity problem, but a problem of market bullishness or bearishness. However, the 1-minute sharp drop on June 8 is different.
The central force controls a large number of accounts and can instantly break through the market in a minute. This is something that retail investors cannot understand.
For example, if your holding cost of SAGA is 2.8, you set a stop loss of 2 points to sell
If your position is 10,000 U, there is no problem at this time
But small dealers and hot money may be quantified at 100,000 or 1 million U
If it drops 10 points in one minute, something bad will happen.
Because if the price drops 10 points in one minute, you cannot trade if you set a 2-point stop loss. Please note that retail investors can trade directly through Binance OK APP, but quantitative and main investors cannot trade in time through API.
When 98% of the hot money and quantitative orders at 2.8 are sold, the market price has become 90% of 2.8
At this time, the market will accelerate its plunge, and quantitative, hot money and small dealers will suffer huge losses.
In this way, many quantitative hot money and small market makers dare not touch the copycat
Shanzhai is in a liquidity crisis
Because retail investors can’t buy Bitcoin
As long as the Bitcoin spot ETF outflows, Bitcoin will definitely be weak and the market cannot continue to rise. Pay attention to the Bitcoin spot ETF
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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U.S. Bitcoin spot ETFs saw a net outflow of $226.2 million, of which only BlackRock IBIT saw a net inflow ($18.2 million).
📍Cognition Society Interpretation: Once the US Bitcoin spot ETF is released, Bitcoin will be weak
Market News: US SEC Chairman expects Ethereum ETF's S1 application to be approved sometime in the summer
According to @tier10k, U.S. Securities and Exchange Commission (SEC) Chairman Gary Gensler expects the S1 application for an Ethereum ETF to be approved sometime in the summer.
In addition, according to Fox reporter Eleanor Terrett, Gensler made this statement while talking with Senator Bill Hagerty. To clarify the details: Gensler said "during this summer" while Hagerty said "before the end of this summer."
📍Cognition Society Interpretation: Summer is before September.
Bloomberg ETF analyst: The previous prediction that the spot Ethereum ETF S-1 will be approved around July 4 may have to be postponed
Bloomberg analyst Eric Balchunas wrote on the X platform: "It is understood that issuers are still waiting for the SEC's Corporate and Financial Division to comment on the S-1 they submitted two weeks ago. This is the first time the department has reviewed these documents. Why? Because (most likely) the last-minute political shift surprised them. It is unclear whether they will prioritize this work, and they may need to postpone my previous prediction that the spot Ethereum ETF S-1 will be approved around July 4." It was previously reported that the SEC chairman said at the hearing that the document may be approved this summer, but did not specify a specific date.
📍Cognitive Society Interpretation: Ethereum will skyrocket sooner or later
TON FDV exceeds 41 billion US dollars, and its market value is approaching 20 billion US dollars
The price of TON has reached $8.12, a 24-hour increase of 7.2%. In addition, the current fully diluted value (FDV) of TON has exceeded $41 billion, currently reaching $41,460,819,9694, with a market value of approximately $19.74 billion.
📍Cognition Society Interpretation: TON ecosystem is likely to surpass SOL ecosystem
🔹Summary: Bitcoin's short-term pressure level is 68500-69500. 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
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: 66800 66000
Pressure level: 68500 69500
🏷Ethereum
Weakness and sideways fluctuation around 3500
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
Struggle around 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 has been quite strong recently, and has started to move towards 11. If it wants to be strong, it needs to stand firmly at 12. It would be good if the token proposal is passed.
Pressure level: 11 12
Support: 10.3 9.6
🏷️BLUR
Absolutely, there is still no big positive line at 0.32, is it trying to get closer to 0.3
Pressure level: 0.35 0.37
Cognition Society believes that BLUR is below 0.38 and some long-term investments should be allocated 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: 2.2 2.3
Support level: 2 1.8
🏷️
22 24 Pressure level
20 18 support level
🏷ARB
The bottom is reached once a month, and the reasons are the same every time
Cognition Society believes that the layout below "ARB" 1 is carried out in batches
🏷️TNSR
The highest real rebound is 0.93
0.93 is the key pressure point
🏷️SUN
SUN
145 to 160 driving back and forth
🏷️WIF
The lowest level of 2.35 is consistent with the support level of Cognitive Society, but this strength is absolutely
WIF2.6 2.8 Pressure Level 2.2 2.35 Support Level
🏷️TREES
0.009 is the lowest expected, the decline is not large
Want to stand firm at 0.012
Bome resistance level 0.012 0.013 Support level 0.010 0.01
🏷️YUP
The minimum of 0.9 is still expected
0.9 0.85 support level
1 1.05 pressure level
🏷️UN
The lowest point is 2.7 and the rebound is very fast
JTO pressure level 3.1 3.3
2.8 2.6 Support
🏷 AI
1 is a strong pressure point
0.9 is an important support level
You can allocate some long-term investments below AI1. Pay attention to the new batch of long-term coins that Cognitive Society is focusing on.
🏷NEAR
The lowest level around 5.8 is expected
Note that NEAR is a bit weak, don’t touch it unless it is at a high position
6.8 7 is a strong pressure point
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: 6.2 6.4
Support levels: 5.8 5.6
🏷NFP
Lowest 0.38..........0.6 down 0.38
Some long-term investments below NFP0.44, a new batch of long-term coins that Cognitive Society is focusing on
🏷BNB
590 important support level 630 strong resistance level
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: 635 650
🏷1000SATS
Rising or falling by multiples.....................
Lie flat
1000SATS reduced positions near the rebound cost, and reduced the proportion of long-term positions after reducing positions. The fluctuation is too large and most people can't stand it.
🏷1000RATS
Rising or falling by multiples.....................
Lie flat
1000RATS rebounds to near cost and reduces positions. After reducing positions, reduce the proportion of long-term positions. The fluctuation is too large and most people cannot bear it.
🏷DYDX
I....
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
Is the main force satisfied? Is the rebound stable at 3 and 3.7
🔹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.
Desire and ability are not equal
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?
