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🔹Reviews of Cognitive Society
Bitcoin fluctuated sideways around 66,000 on June 15.
The price of Bitcoin is completely dependent on the Bitcoin spot ETF. After the continuous outflow of the Bitcoin spot ETF, there is no rebound today after the sharp drop.
Therefore, the K-line is a possibility, and the specific surge and plunge is adjusted by the main force with money and chips.
Bitcoin is likely to form a cross star today. The cross star after the plunge represents the balance between long and short positions. It is important whether Bitcoin can hold 66,000 on June 16.
On June 15, the market issued an additional 1 billion USDT. If Bitcoin can stabilize its sideways fluctuations, the altcoin should have a rebound. The decline is too deep.
The overall performance of Ethereum UNI is so-so, not as good as Bitcoin, and there is still 3 times room to go from the historical low. Most of the altcoins are near the historical low. Be patient and wait. The market liquidity will be sufficient when the US dollar interest rate cuts at the end of the year.
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 net outflows of $189.9 million, of which BlackRock IBIT saw only a net inflow of $1.5 million.
📍Interpretation of Cognition Society: If the US Bitcoin spot ETF flows out again, it will be difficult for Bitcoin to stabilize.
China Securities Regulatory Commission Solicits Public Opinions on the "Regulations on the Administration of Hong Kong Mutual Recognition of Funds (Draft for Comments)"
According to official news, on April 19, 2024, the China Securities Regulatory Commission issued five capital market cooperation measures with Hong Kong to help Hong Kong consolidate and enhance its status as an international financial center. Recently, the China Securities Regulatory Commission revised the "Interim Provisions on the Administration of Mutual Recognition of Funds in Hong Kong" (China Securities Regulatory Commission Announcement [2015] No. 12) to further optimize the mutual recognition arrangement between the mainland and Hong Kong funds. Now, the "Provisions on the Administration of Mutual Recognition of Funds in Hong Kong (Draft for Comments)" are open to the public for comments.
Since the implementation of the mutual recognition mechanism between the Mainland and Hong Kong in July 2015, the mutual recognition of funds between the Mainland and Hong Kong has been progressing steadily and orderly, and various systems and mechanisms have been operating well, which has better met the cross-border financial management needs of investors in the two places, and at the same time strongly supported the construction of Hong Kong as an international financial center. In order to better play the positive role of the mutual recognition mechanism of funds between the two places, this rule revision intends to optimize it from two aspects: first, the limit on the overseas sales ratio of mutual recognition funds will be relaxed from 50% to 80%; second, the investment management function of Hong Kong mutual recognition funds will be transferred to overseas asset management institutions in the same group as the manager.
We welcome valuable opinions from all sectors of society. The CSRC will further revise and improve the regulations based on the public comments and then publish and implement them.
📍Cognition Society Interpretation: Bitcoin spot ETF should not be included
The US SEC requires Ripple to pay a $102.6 million settlement, opposing its $10 million fine request
Source @RippleXrpie disclosed information on X that the U.S. SEC has responded to Ripple's letter regarding the Terraform Labs verdict and asked Ripple to pay a settlement of US$102.6 million. It is expected that the two parties will reach a settlement soon.
In response, Paul Grewal, chief legal officer at Coinbase, commented: “The SEC believes that settlements play a limited role in determining remedies in the context of litigation.”
Yesterday, Ripple Labs’ lawyers attempted to use the recent fine against Terraform Labs in an effort to pay a lower fine in its case with the U.S. Securities and Exchange Commission (SEC).
Ripple, which has been engaged in a lengthy legal battle with the SEC over the past few years, said in a "supplemental authority notice" Thursday that the financial penalty proposed by the regulator is unreasonable. The company compared the SEC's proposed $2 billion fine for its sale of XRP to institutional investors to the fine imposed on Terraform Labs. Ripple argued that its fine should be closer to $10 million. On Wednesday, Terraform agreed to pay a $4.47 billion fine, and a judge approved the settlement late Thursday.
📍Cognitive Society Interpretation: Ethereum will skyrocket sooner or later
Curve founder: Full repayment of $10 million of CRV liquidation bad debt on Curve lending platform
Curve founder Michael Egorov posted on X that he had fully repaid the $10 million in bad debts caused by the liquidation of CRV lending positions due to the UwU Lend security incident.
📍Interpretation of Cognition Society: You don’t need to doubt it, Cognition Society has suffered heavy losses in CRV after more than one year.
🔹Summary: If the Bitcoin spot ETF continues to outflow, it will be difficult to stabilize. Every plunge in 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: 65800 65000
Pressure level: 67000 69500
🏷Ethereum
3360 rebounded, better than Bitcoin's decline
3600 3660 is the key pressure point. If it cannot stand firm at 3600, it will fall back.
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: 3600 3660
Support: 3510 3460
🏷LINK
Struggle around 15 16 16.6 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: 12 13
Support: 11 10.6
🏷️BLUR
Really 0.3
Want to stabilize at 0.37
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
There is no pressure point here, only the strength of the main force's willingness to pull the market
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
🏷️
The lowest price was 20, and the highest price was 24, which perfectly matched the pressure and support levels of the cognitive society on June 14.
🏷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
0.77 0.71 Support
0.86 0.93 is the key pressure point
🏷️SUN
SUN
140 is expected
🏷️WIF
On June 15, WIF's lowest level of 2.2 coincided with the support level of 2.2 of Cognitive Society, which fluctuated by 30 points.
On June 14, WIF's lowest point of 2.35 coincided with the support level of Cognitive Society, but this strength is definitely
WIF2.5 2.7 Resistance Level 2.2 2.3 Support Level
🏷️TREES
On June 15, BOME's lowest price of 0.01 coincided with the support level of 0.01 of Cognitive Society.
Want to stand firm at 0.012
Bome resistance level 0.011 0.0118 Support level 0.010 0.01
🏷️YUP
The sharp drop of 0.82, 0.9, 1 is the key pressure point
1 1.05 pressure level
🏷️UN
Minimum 2.7 expected
JTO pressure level 3 3.2
2.7 2.6 Support
🏷 AI
1 is the pressure point
AI can be configured with some long-term investments below 1. Pay attention to the new batch of long-term coins that Cognitive Society is focusing on.
🏷NEAR
A rare plunge
Note that NEAR is a bit weak, don’t touch it unless it is at a high position
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: 5.8 6
Support: 5.5 5.4
🏷NFP
0.43 is the first threshold
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: 615 620
🏷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
dYdX: Starting next month, the monthly unlocking amount of DYDX will be reduced from 33 million to 8.3 million per month
dYdX officially announced on the X platform that starting from July 1, 2024, the monthly unlocking amount of the DYDX token will be reduced from 33 million per month to 8.3 million per month, a reduction of 75%.
🏷CRV
It's hitting 0.33, don't sell at a loss, hold steady, wait if you don't hold a large position
🔹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?
