Cognitive Society’s 24th Bull Market Ceremony. Leveraging the power of the bull market cycle, the compound interest effect of trends has opened the door to class consolidation. We have reached a turning point that determines the wealth of you and your family in the next ten years. Thank you brothers for coming to Cognitive Society as scheduled on the second day of the New Year. On the occasion of the New Year, Cognitive Society would like to extend its sincere New Year blessings to all the brothers in the group: 🐉Good luck in the Year of the Dragon! This year, we have heard countless bad news and encountered more difficulties than expected; this year has been full of doubts and anxiety, there has been no profit-making effect, and there have been countless moments when it seems that there is no hope... But Cognitive Society believes that this is enjoyment The only way to a feast of wealth... There is no need to doubt that you have reached a turning point to change the destiny of yourself and your family. Time is running out. I hope you will grow up in the 24-year bull market and work up your energy to seize wealth opportunities. Follow the trend and use the power of the trend to strengthen yourself and live up to the expectations of your family for many years. One year ago today, Cognitive Society’s 2023 opening event has defined 2023 as a time for a super rebound and confirmed our judgment. What opportunities and challenges will we face together in 2024? For this purpose, Cognitive Society has prepared ten major themes to explore with you: (Click on the navigation link) 72781认知社币圈九阴真经第九章: 什么是比特币仪态主升浪的大浪我命由认知社币圈九阴真经第十章:我不由天的实现路径是什么？

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Bitcoin's plunge to 58,200 on June 25th perfectly matches the support level of 58,000 in yesterday's Cognition Society article.
On the eve of the plunge, the article of Cognition Society clearly stated that a plunge of 58,500 is a good option for Bitcoin. The most ideal situation is that it needs a negative plunge to around 54,500. It will be effective quickly. While breaking through the long orders, the main force can open long orders and eat the bloody chips at the same time.
Sure enough, after the sharp drop of Bitcoin, the altcoin began to rebound strongly
The strong rebound of the cottage has the characteristics of a primary bottom, but it still needs to stabilize the high point of June 20 in the future to be meaningful.

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Bitcoin plunged 60,500 on June 24
Today's copycat performance is a bit interesting. As Bitcoin plummeted to the bottom and then rebounded rapidly, this was the first effort to stabilize the bottom. Because the sharp drop can break through the market's long orders, the main force eats a large number of bloody chips. The rapid rise makes it too late for retail investors to grab long orders, so the main force can eat a certain number of long orders for the first time.
The standard for whether the main force of the copycat has eaten enough is not how much the market plummeted, but the strength of the rebound, which must break through the starting point of the June 18 plunge. Because many people are trapped at the high point of June 18, if they don't get out of the trap, they can't talk about determination at all.

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On June 23, Bitcoin fell to around 64,000. The decline was small, but due to the long-term decline, the market's copycats dared not rebound.
The inability to rebound after such a sharp drop has made the market completely desperate. If the Bitcoin spot ETF flows out again, it is likely that Bitcoin will need a sharp drop to stabilize the market.
There is no particularly strong support level for Bitcoin at this position. 59,000 is considered average, because many institutions are selling Bitcoin spot ETFs and preparing to build positions in Ethereum spot ETFs.
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.

As an old user of Binance since 2017, I have some immature suggestions for Ms. He Yi!
As a mature user, I dare not imagine that Binance controls the rise and fall of altcoins and does not list new coins at all. This is not in the interests of the exchange and does not conform to business logic!
Suggestion 1: Binance will set up a low-circulation sector and a 26-year unlocking sector; Binance does not control the rise and fall but can control the flow of the exchange and the risk reminders of users;
Similar to the Innovation Zone, additional risk reminders for low circulation rates of copycats, while increasing the unlocking time and schedule for each coin;

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Bitcoin rebounded from 64,000 to 66,400 in two days on June 20, but a small negative news instantly dropped back to around 64,400.
The apparent reason is a small negative in the US non-farm data. The number of people applying for unemployment benefits was 238,000, while the actual number was 235,000. The apparent reason is that the data affects the timing of the interest rate cut, but in fact it has nothing to do with it.
Problems in the cryptocurrency world:
First: Binance has listed 2 new coins. The water in the pond has not increased, but there are more and more crocodiles every day. On a hot day at noon, fish are dying of thirst. The core reason is not the sun at noon, but the lack of water.

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Bitcoin fluctuated sideways around 65,400 on June 18.
Bitcoin rebounded by 2 points, and the Ethereum sequence among the altcoins began to rebound. The direct reason was that the SEC canceled the prosecution of Ethereum. The core reason was that the SEC canceled the prosecution of Ethereum as a security.
The most direct beneficiary is UNI, because the plunge of UNI17 was due to the SEC suing UNI.
If Ethereum can hold 3510, there is still hope to reach 3600, but if it breaks 3510, it may fall back to around 3400 again.

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Bitcoin fluctuated sideways around 64,700 on June 17.
Bitcoin continues to be weak, with no rebound after the sharp drop.
As for the copycat, Cognitive Society is also losing a lot, there is no need to doubt it, this is the conclusion.
From lying flat to falling apart
Waiting for spring with the spot
Today, Sun Ge has also sold his shares. This old man with many years of experience is also a top player with a net worth of tens of billions. He not only has the backend data of the exchange, but also has launched several copycats such as BTT TRX. He can be said to be a top-level main force.

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Bitcoin fluctuated sideways around 66,000 on June 16.
Bitcoin hasn't been this weak for a long time. There was no rebound 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.
The price of Bitcoin is very awkward, because if the rebound at 65,000 is so weak, then the short-term direction will be re-selected tomorrow or the day after tomorrow, because if the rebound is too weak, it means that this price is not what the main force desires.

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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.

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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.

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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.

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After Bitcoin plummeted by 66,000 on June 12, it surged by 70,000 due to good expectations of CPI data.
The article published by Cognition Society the day before yesterday warned that Bitcoin and Ethereum would have to choose a direction for a big fluctuation. A drop of 66,000 was also expected by the Cognition Society article, but the drop of Shanzhai was completely beyond the expectations of Cognition Society, and even beyond the three views of Cognition Society.
Understanding the 312 crash and the long position
Understanding the 414 crash and the bull market chips
The three bottoms of the daily line on May 1st still make the cognitive society think that it is a sufficient exchange of chips in the bull market.

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Bitcoin's highest rebound point of 69,900 on June 10 coincides with the pressure point of 70,000 in yesterday's article by Cognition Society
Bitcoin's highest rebound point of 69,900 on June 9 coincides with the pressure point of 70,000 in yesterday's article by Cognitive Society
On June 10, the Bitcoin spot ETF was suspended, but Bitcoin still showed a trend of not recognizing any relatives, which can be called the abnormal little prince. The consolidation from 69,200 to 70,000 was almost a straight line.
Ethereum is very weak. A drop to 3644 is still within the expected range. The key to stabilizing is to stand firm at 3710-3770. Otherwise, the altcoins will fall. Some altcoins even fell to the area around April 14.

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Bitcoin's highest rebound point of 69,900 on June 9 coincides with the pressure point of 70,000 in yesterday's article by 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

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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.