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🔹Reviews of Cognitive Society
On May 26, the highest point of Bitcoin rebound was 69,600, which coincided with the pressure point of 69,900 mentioned in the article of Cognitive Society yesterday.
Bitcoin's high-level sideways fluctuations are not what everyone cares about. The hot spots and meat of the market are all in Ethereum. In the next few months, everyone should pay more attention to Ethereum and Ethereum ecology.
When the Ethereum spot ETF was approved, Ethereum was the first to surge. The pledge sector in the Ethereum ecosystem should be the strongest linkage, such as ETHFI LOD. Institutions will not buy other Ethereum ecosystems, but the market funds have been transferred. It is like Bitcoin has been rising for a year and a half, but the recent Bitcoin ecosystem has fallen three times.

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🔹Reviews of Cognitive Society
No update on May 23
On May 22, Bitcoin fell back to the lowest point of 69100 and was close to the support level of 68500 in the article of Cognitive Society yesterday.
The highest point of Bitcoin rebound on May 21st was 72,000, which coincides with the pressure point of 72,000 in the article of Cognitive Society yesterday.
On May 20, Bitcoin fell back to the lowest point of 65,800, which coincided with the support level of 65,800 in the article of Cognitive Society yesterday.
Please note that this Ethereum spot ETF is different from the previous Bitcoin spot ETF. The Bitcoin spot ETF will be directly listed on the exchange after approval, so you can immediately increase funds to buy it the next day.

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🔹Reviews of Cognitive Society
The highest point of Bitcoin rebound on May 21st was 72,000, which coincides with the pressure point of 72,000 in the article of Cognitive Society yesterday.
On May 20, Bitcoin fell back to the lowest point of 65,800, which coincided with the support level of 65,800 in the article of Cognitive Society yesterday.
It is the expectation of Cognitive Society that Bitcoin will sprint to 72,000. After all, the selling pressure at 68,000 is not great. However, the hot spot in the market on May 21 is not Bitcoin but Ethereum.
In 2023, Cognition Society proposed that Bitcoin spot ETF would be passed in 2024, and Ethereum spot ETF would be passed in the second half of 2024. If the copycat wants to rise 100 times in 2025, then it would be ideal to pass another copycat ETF in 2025, such as SOL UNI LINK.

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🔹Reviews of Cognitive Society
On May 18, Bitcoin soared to 67,300, which is a big difference from the pressure point of 68,500 in the article of Cognitive Society yesterday.
On May 17, Bitcoin fell back to the lowest point of 64,600 and was close to the support level of 65,000 in the article of Cognitive Society yesterday.
On May 16, Bitcoin surged to 66,800, which coincides with the pressure point of 67,000 in the article of Cognitive Society yesterday.
Although Bitcoin is trapped near 67,000, the decline is a bit scary. It has risen so much, but it only dropped 1 point in one day. This is very exaggerated. The answer can be known from the data of Bitcoin spot ETF:

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🔹Reviews of Cognitive Society
On May 17, Bitcoin fell back to the lowest point of 64,600 and was close to the support level of 65,000 in the article of Cognitive Society yesterday.
On May 16, Bitcoin surged to 66,800, which coincides with the pressure point of 67,000 in the article of Cognitive Society yesterday.
Why is it so obvious?
On May 16, Bitcoin rebounded to 66,600 and then fell back to 64,500, which is consistent with what the Cognitive Society said that Bitcoin 66,600 is a strong pressure point and it is unlikely to stabilize at once.
However, the buying power of Bitcoin spot ETF is too strong, and Bitcoin may reach 72,000 or even 78,000.

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🔹Reviews of Cognitive Society
On May 15, Bitcoin surged to 64,500 as the CPI was positive.
Many people don’t understand why the US CPI data has such a direct and strong impact on the Bitcoin and crypto industries?
There are two ways to control Bitcoin:
First: Control the pricing power of Bitcoin;
Second: Control the computing power of Bitcoin;
It is clear that the United States controls the pricing power of Bitcoin through the Bitcoin spot ETF.
Therefore, the positive and negative factors in the United States have a direct and decisive impact on Bitcoin, so the Japanese exchange rate and the British monetary policy have little impact on Bitcoin.

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🔹Reviews of Cognitive Society
On May 9, Bitcoin fell back to the lowest point of 60,500 and was close to the support level of 61,000 in yesterday's article.
On May 8, Bitcoin fell back to the lowest point of 61,700, which coincided with the support level of 62,000 in the article of Cognitive Society yesterday.
On May 7, Bitcoin fell back to the lowest point of 62700, which coincided with the support level of 62800 in the article of Cognitive Society yesterday.
On May 6, Bitcoin fell back to the lowest point of 63,300, which coincided with the support level of 63,000 in the article of Cognitive Society yesterday.
On May 5, Bitcoin fell back to the lowest point of 62,800, which coincided with the support level of 62,500 in the article of Cognitive Society yesterday.

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🔹Reviews of Cognitive Society
Bitcoin super strong consolidation
On May 7, Bitcoin fell back to the lowest point of 62700, which coincided with the support level of 62800 in the article of Cognitive Society yesterday.
On May 6, Bitcoin fell back to the lowest point of 63,300, which coincided with the support level of 63,000 in the article of Cognitive Society yesterday.
On May 5, Bitcoin fell back to the lowest point of 62,800, which coincided with the support level of 62,500 in the article of Cognitive Society yesterday.
On May 4, Bitcoin surged to 64,600, which is perfectly consistent with the pressure point of 64,600 in the Cognition Society article yesterday.
Bitcoin repeatedly held 62800 and rushed to 64400. Although the rebound did not reach the expectations of the cognitive society, the retracement without breaking 62800 was already very strong.

#SEC #灰度撤回以太坊现货ETF申请 #ETH
There is a huge probability that it is a security.
There is a high probability that it will not be
No contradiction
Yitai has raised funds through ICO, and pledged mining is actually a security;
But BlackRock has applied for the Yishi spot ETF, so it is highly likely that Yishi will not be it.
BlackRock is the richest asset management company on the planet. Only the rich or the noble are eligible to deposit money in BlackRock. If the SEC determines that the instrument is a security and does not approve the instrument spot ETF, BlackRock will replace the SEC chairman to review it again.
The textbook says: Facts determine your position
In fact: interests determine positions
If the facts and interests do not match, change the facts to match the interests

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🔹Reviews of Cognitive Society
On April 27, the lowest price of Bitcoin fell back to 62,300, which was far from the support level of 61,000 in the article of Cognitive Society.
Bitcoin is falling more and more painfully, because there is almost no room for operation after a 2-point rebound. If you don’t sell it, it will fall a little lower later...
The final way to break the downward trend is usually a big positive line or a sharp drop. At present, it seems that the possibility of a sharp drop is a little bit higher, because the Bitcoin spot ETF continues to have a net outflow and the market lacks sufficient funds to take over.

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🔹Reviews of Cognitive Society
On April 25, the lowest point of Bitcoin at 62,700 was far from the support level of 61,000 in the article.
Bitcoin 67,000 is the highest point of this rebound, which is in line with expectations, because before the rebound, Cognition Society reminded that it is unlikely that Bitcoin will stabilize at 66,800 at once, because the incremental funds of the US Bitcoin spot ETF are slowly weakening, and the significance of Hong Kong spot ETF is greater than the actual inflow of funds. The mainland does not allow the purchase of Hong Kong Bitcoin and Ethereum spot ETF funds.

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On April 23, Bitcoin rebounded to a high of 67,200, close to the pressure level of 66,800 in the cognitive article
On April 22, Bitcoin rebounded to a high of 66,500, which coincided with the pressure point of 66,800 in the Cognitive Society article.
On April 21, Bitcoin rebounded to a high of 65,600, which coincided with the pressure point of 66,800 in the Cognitive Society article.
Bitcoin is at 66800, and Ethereum is also leading the charge to 3260. If Bitcoin can reach 72000, the altcoin should have a stronger rebound, after all, the decline of the altcoin in this round is too deep.

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🔹Reviews of Cognitive Society
On April 21, Bitcoin rebounded to a high of 65,600, which was consistent with the pressure point of 66,800 in the Cognitive Society article, and was also expected. However, many copycats have skyrocketed very violently, a typical example being the MEME coin series, which rose by more than 50 points.
If Bitcoin can fluctuate sideways between 61,000 and 67,000 for a period of time, more altcoins should have a chance to perform, but whether Bitcoin falls below 58,000 or breaks through 74,000, it will be bad for altcoins.
Bitcoin plummets as altcoins panic and sell off

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🔹Reviews of Cognitive Society
On April 18, Bitcoin fell back to the lowest point of 58,000, which coincided with the support level of 58,000 in the article of Cognitive Society yesterday.
On April 17, Bitcoin rebounded to 64,400 and then fell back, which is consistent with the pressure point of 64,000 in the article of Cognition Society yesterday.
Yesterday, Cognition News reminded: Bitcoin rebounded at lower and lower highs, and the market risk has not been released. On April 18, Bitcoin hit a new low of 59,600 as expected. Fortunately, Ethereum and Shanzhai did not hit a new low.
The pressure point of Bitcoin rebound is 64500-66800. Cognition Society believes that there is no good news. Bitcoin may not be able to stabilize at 66800 in the short term. Because Bitcoin spot ETF has been flowing out in recent days, few retail investors will buy Bitcoin at the bottom. Most institutions go for Bitcoin spot ETF, which is easy to transfer accounts and legal.

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🔹Reviews of Cognitive Society
On April 16, Bitcoin rebounded to 64,400 and then fell back, which is consistent with the pressure point of 64,000 in the article of Cognition Society yesterday.
The high point of Bitcoin's rebound is getting lower and lower, which is consistent with the article of Cognition Society yesterday. The market risk has not been released yet. However, the altcoin has fallen so deeply. As long as it is spot, Cognition Society still recommends lying flat. There is no need to cut losses at this time.
Cognitive Society is not advocating that it will not fall, but everything has a cost-effectiveness ratio. For example, if you bought the bottom of Ethereum at 240 on March 12, 2020 and it fell to 85, you would be a fool...you would lose three times

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🔹Reviews of Cognitive Society
On April 9, Bitcoin fell back to the lowest point of 69,500, which coincided with the support level of 70,000 mentioned in yesterday's article.
The key support level of Bitcoin's retracement is 68800 66000. As long as the daily triple top of 68800 is maintained, there is still hope for the sprint. However, if Bitcoin falls below 68800 to 66000, it will bottom out.
The rise of Bitcoin and Ethereum hurts the altcoins a lot. After all, retail investors rarely have Bitcoin, so they have to wait patiently.
Hidden Dragon Do Not Use
During the low period of the bull market, you need more patience and peace of mind to work. After all, people need to eat and live. Now is still the early stage of the bull market, not the time to cash out, so working is the mainstream way of survival.

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On April 8, Bitcoin once again sprinted to 72,700, which was in line with the expectations of the cognitive society. Ethereum also soared, but the rebound strength of the copycat was quite touching, which seemed too cowardly.
When retail investors chase high prices and are too far from the cost, their desire to participate in the market will decrease. Because of the surge in Ethereum, NEO QTUM CELR in the public chain sector has skyrocketed, but after a long bear market, there are too few people holding this old public chain, so there is no pressure to pull the price.

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🔹Reviews of Cognitive Society
On April 7, Bitcoin reached 70,000, which was a strong consolidation. The decline was small, and rebound was the characteristic of Bitcoin this year.
Whether Bitcoin can reach 72,000 on April 8 is of great significance to the altcoins, because Bitcoin is once again close to its historical high point, and the altcoins should have a strong rebound. After all, this round of retracement is at the level of the daily line, and many altcoins have plummeted.
Ethereum and Shanzhai will choose the short-term direction on April 8. If Ethereum can stand firm at 3460, Shanzhai will make up for the rise. The decline is too large and needs an oversold rebound to boost morale.

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🔹Reviews of Cognitive Society
On April 6, Bitcoin went straight and had almost no fluctuations, which was embarrassing.
Because the sideways fluctuation after a sharp drop is the most concerned about human nature and patience, the confidence after a big drop will slowly lose patience in the sideways fluctuation.
Bitcoin will choose a short-term direction in the future market, among which 66000 64500 is the key support level, and 68800 is the key pressure level. As long as 68800 cannot be stabilized, it will repeatedly bottom out.
Bitcoin is fluctuating sideways, the Hong Kong conference is held, and if the market's copycats want to surge, they need a positive factor and a leader. Ethereum and the second-layer protocol RWA Oracle section Inscription section AI section, whoever can take the opportunity to explode will activate the market. Why is there no SOL ecosystem in it? It has been rising for several months and only fell for a few days.