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🔹Reviews of Cognitive Society
The highest point of Bitcoin's rebound on July 17 was 66,000, which coincides with the pressure point of 66,000 in yesterday's article.
The highest point of Bitcoin's rebound on July 16, 63,300, is far from the pressure point of 66,000 in yesterday's article.
Bitcoin's highest rebound point of 63,300 on July 15 is close to the pressure point of 64,000 in yesterday's article
Bitcoin's highest rebound point on July 14 was 60,300, which is consistent with the pressure point of 60,000 in yesterday's article.
Bitcoin is in a very strong consolidation.
The attitude of Cognitive Society is stable. Unless there is a positive stimulus from the Ethereum spot ETF trading, it is very unlikely that Bitcoin will stabilize at 67,000. If Ethereum and Bitcoin sprint together, it will be difficult to last too long. In this round of copycat killing, there is no voice of entry in the entire encryption industry. No friends around you ask you how to enter the market.
Before the incremental funds enter the market, if Bitcoin and Ethereum soar at the same time, it will be difficult to sustain for too long. Ethereum will stop at 5,000 at most. If you want to increase for a few months, the ideal way is still for Bitcoin to fluctuate sideways and let Ethereum take off.
The ratio of long and short positions in Bitcoin is 1.1, which means 110 people are long and 100 people are short. Compared with the previous 3:1, this shows that during the surge in Bitcoin prices, people have become accustomed to the new habits of the bear market and are accustomed to shorting, so the repeated short squeezes and the selling pressure near Bitcoin 66,000 are contradictory.
If Bitcoin quickly hits 73,000 and then plummets after the Ethereum spot ETF is traded, it can achieve a long-short explosion. The main force can eat up the 2 billion short orders and then sell the spot. Even if the spot has a small loss, the 2 billion short orders are very satisfying.
Then, as Ethereum rose strongly, Bitcoin fell due to the sell-off in Mt. Gox.
Pay attention to Ethereum during the sharp drop
Although the time of Ethereum spot ETF is constantly postponed, the normal trading of Ethereum spot ETF is usually in July or August. Cognition Society believes that after the Ethereum spot ETF is approved, the cottage should have a big rebound. Therefore, the cottage that is trapped will wait for a big rebound before reducing, unless it rebounds to near the cost recently.
I dare not say where the lowest point is, but whether it is the Ethereum spot ETF or the lower US interest rate cut, it is relatively certain that it is positive. Wait a while, and things will get better slowly.
🔹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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The total inflow of funds into the US spot Bitcoin ETF in the last three trading days exceeded US$1 billion
According to data disclosed by HODL15Capital, the total inflow of funds into the US spot Bitcoin ETF in the last three trading days has exceeded US$1 billion, including:
- On July 12, inflows were approximately $310 million;
- On July 15, inflows were approximately $301 million;
-On July 16, inflows were approximately $422 million.
📍Cognition Society Interpretation: The wealth of American institutions is really surprising. If half of the money is used to buy Ethereum spot ETFs..........
Mt. Gox has distributed 36% of its bitcoins to creditors
CryptoQuant analyst Maartunn wrote that 36% of Mt.Gox’s Bitcoin has been distributed to creditors.
As of yesterday, the Mt. Gox trustee held 141,686 Bitcoins, which will be distributed over time. With yesterday’s transaction (sending Bitcoins to Kraken), 36% of the Bitcoins have been transferred to former users.
📍Interpretation of Cognitive Society: Don’t say one-third, solve it all at once, and sell 140,000 directly
XRP contract open interest exceeds $800 million, more than doubling in the past seven days
XRP futures open interest has more than doubled over the past seven days, indicating an increase in investors’ expectations for its future price volatility.
CoinGlass data shows that XRP contract open interest reached $811 million, reaching the level since mid-April, with a 24-hour increase of 21.83%. According to CoinGecko data, during this period, XRP trading volume soared from $2 billion to $3.6 billion.
In addition, data from Coinalyze shows that more than 60% of XRP futures contracts opened in the past 24 hours were long bets. (CoinDesk)
📍Cognitive Society Interpretation: Ripple should settle with the SEC
🔹Summary: Bitcoin rebounded strongly, 65,000 and 67,000 are the key pressure points. Every time Bitcoin plummets, it 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: 64100 63000
Pressure level: 66000 68000
🏷Ethereum
Short-term trading is not important anymore. What will be important soon is spot ETF trading.
If the Ethereum spot ETF is traded in August, there is still one month 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: 3500 3600
Support: 3420 3360
🏷LINK
Stuck at 15
Can fully circulated value coins take off in the future market, especially after the Ethereum spot ETF is approved?
New value, new RWA leader, the plunge can be configured, cognitive society 22 23 years 5 layout LINK
🏷 him
It is weak because UNI whales are selling it, it will be fine once they sell out
Pressure level: 8.5 8.8
Support: 7.9 7.7
🏷️BLUR
0.2, strong pressure level 0.24
🏷OP
Stuck at 1.92
Cognition Society was the only one who reminded us to upgrade Cancun when the OP bottom was around 1.3.
Pressure level: 1.92 2
Support level: 1.7 1.6
🏷️
Cognitive Society thinks that ENS TON should be replaced by Ethereum at this time
🏷ARB
0.75 can hold the market for a month, 0.85 is the strong pressure point
🏷CRV
The fourth time 0.3 card owner
0.26 0.23 support level
🏷️UN
2.75 is a strong pressure point
🏷️TREES
0.0108 is the super strong pressure point
🏷️WIF
Stuck at 2.3
2.4 2.6 is a strong pressure point
🏷1000SATS
0.0033 pressure level If the cost is around 20 points, you can consider changing and reducing your position. If you don’t have much bullets, after all, the cottage has fallen several times in this round.
When 1000SATS rebounds to near the cost, reduce the position, and reduce the proportion of long-term positions after reducing the position. The fluctuation is too large and most people cannot bear it.
🏷1000RATS
0.12 0.15 pressure level
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
6.5 is very important, if you can't bear it, you have to go back to 6
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: 6.3 6.5
Support level: 6 5.8
🏷️YUP
Super strong, but 1 is a strong pressure point
🏷BNB
As expected, I was trapped at 590
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: 580 590
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 advocate the bull market every day?
