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🔹Reviews of Cognitive Society
Bitcoin's highest rebound point of 61800 on June 30 is close to the pressure point of 6200 in yesterday's article
On June 29, Bitcoin fell back to the lowest point of 60,000, which perfectly matched the support level in yesterday’s article.
Bitcoin rebounded but that's a bad thing.
If you want to end the bottoming out earlier, you need to speed up the bottoming out. The 312 in 2020 is still famous for so many years because it fell three times in 3 days. Most people are afraid of falling, afraid of a sharp drop, but in fact, a slow drop is scary. If it doesn't fall to the right level, the market will easily bottom out again.
The 414 in April was still the expected plunge bottom.
The bottoming out on 5.1 is also a normal daily bottoming out.
The 6.8 plunge is also a perverted way to explore the bottom
The 618 50% discount is really beyond the scope of the cognitive society
We're not complaining about anything.
No one cares about our feelings
We must learn to be strong and survive in adversity
Waiting for Spring
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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Galaxy Research Director: Most of the Mt.Gox creditors we contacted will be paid in kind and will not sell in large quantities
Alex Thorn, head of research at Galaxy, said the vast majority of creditors he has spoken to said they will be paid in kind, that is, in the form of cryptocurrency rather than fiat currency, and they will mainly hold these assets, and Alex Thorn does not believe this group of people will sell in large quantities.
But Barclays managing director Glover believes that creditors may still sell off heavily after years of waiting, and they have the opportunity to lock in huge gains. Analysts at JPMorgan Chase said the possibility of a large-scale sell-off by Mt. Gox creditors would create "downside risk" next month, although it would be short-lived.
📍Interpretation of Cognitive Society: When the price increases by thousands of times, the rise and fall actually have little significance.
The number of transactions on Arbitrum, Base, and Optimism has quadrupled this year
IntoTheBlock data shows that the number of transactions on Arbitrum, Base and Optimism has quadrupled this year. This growth accelerated significantly in the second quarter, following the integration of EIP-4844 in March, which reduced transaction fees by more than 90%.
📍Interpretation of Cognitive Society: This is the reason why Cognitive Society chose OP ARB, and I ended up losing money.
15,862.39 Bitcoins flowed into Binance in the past week
On June 30, according to the latest data from Coinglass, 15,862.39 bitcoins flowed into Binance in the past week, 3,923.88 bitcoins flowed out of the Coinbase Pro wallet in the past seven days, and 4,993.15 bitcoins flowed into the Bitfinex wallet in the past seven days.
📍Interpretation of Cognition Society: Large whales reduced their positions in large quantities at 60,000 to 70,000.
🔹Summary: Bitcoin is weak, and every Bitcoin crash 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 bottoming out.
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: 60000 58000
Pressure level: 62000 63000
🏷Ethereum
3420 is the short-term bottom line. If the rebound cannot stand firm at 3240, there will be another bottom test on July 1.
On June 30, Ethereum hit the lowest point of 3350, which perfectly matches the support level of 3350 in yesterday’s article.
On June 29, Ethereum hit the lowest point of 3360 and was close to the support level of 3380 in yesterday’s article. 3480 is a strong short-term pressure point.
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: 3420 3470
Support: 3350 3300
🏷LINK
14.3 14.8 Pressure level
13.2 11.6 support
New value, new RWA leader, the plunge can be configured, cognitive society 22 23 years 5 layout LINK
🏷 him
It just rebounded at 8.77, and 9.4 10 is the key pressure point
Pressure level: 9.3 9.8
Support: 8.8 8.5
🏷️BLUR
We escaped at 0.8, but are still stuck at 0.4
Waiting for Spring
Cognition Society believes that BLUR is below 0.38 and some long-term investments should be allocated in batches
🏷OP
2 Unexpectedly... can't touch
Cognition Society was the only one who reminded us to upgrade Cancun when the OP bottom was around 1.3.
Pressure level: 1.85 2
Support: 1.66 1.6
🏷️
There is a lot of selling pressure around 30, which is the key pressure point
🏷ARB
Only when it stands firmly at 0.85 can it avoid a sharp drop, and only when it stands firmly at 1 can it stabilize
Cognition Society believes that the layout below "ARB" 1 is carried out in batches
🏷CRV
0.26 0.23 should have a big rebound
CRV is backed by the main force, and the sharp drop can be watched
🏷️UN
2.4 2.6 Pressure level
2.2 2 Support Level
🏷️TREES
0.0093 is very important, breaking 0.0008
🏷️WIF
2.2 is a strong pressure point, don't chase high, there should be a big pullback
🏷1000RATS
Super strong rebound, but this guy rises and falls by multiples.....................
0.15 0.2 is a strong pressure point
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.
🏷NEAR
4.8 4.5 support level has not stabilized
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
Others, wait for more updates
🔹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?
