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🔹Reviews of Cognitive Society
There is a big difference between the highest rebound price of Bitcoin on July 29, 69,900, and the pressure point of 69,000 mentioned in yesterday’s article.
As expected, Bitcoin plummeted under the pressure of the 12-hour top divergence. Currently, it is fighting around 66,000. It is the last day of July. If Bitcoin can hold 66,000, it will be of great significance to stabilize. If Bitcoin loses 63,000, it will become weak.
The volume of Bitcoin's decline this time is amplified. We should pay attention to the risks, especially if it falls below 63,000 in early July, it will be a very good opportunity. Because Grayscale's ether will most likely be sold at the end of August at the current rate, and we should strive for BlackRock's buying to be greater than Grayscale's selling in September. Of course, if Grayscale's selling speed of ether decreases in August, BlackRock's buying may be greater than Grayscale's selling in September.
While institutions are switching positions with BlackRock Fidelity, they also need the stimulus of the interest rate cut in September, because the interest rate cut can release more funds, the market will have more liquidity, and more institutions will buy Ethereum spot ETFs.
Stay calm and don't chase high prices. A sharp drop is an opportunity. A negative drop will not rebound.
All we can do is to pay attention to Ethereum when Bitcoin plummets, and wait for Ethereum's performance.
🔹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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Bitcoin spot ETF continued to have net inflows for 4 consecutive days, with a cumulative net inflow of US$17.712 billion
Ethereum spot ETF continued to have net outflows for 4 consecutive days, with a cumulative net outflow of US$440 million
📍Interpretation of Cognition Society: If God wants to give a man a great responsibility, he must first make him suffer. Ethereum's spot ETF is accelerating, and we hope to continue to accelerate. The Grayscale problem can only be solved by the end of August.
BlackRock executives: Crypto ETF allocations are expected to appear in model portfolios by the end of the year or next year
Samara Cohen, chief investment officer of ETFs and index investing at BlackRock, discussed the iShares Ethereum Trust ETF (ETHA) in an interview and expects crypto ETF allocations to appear in model portfolios by the end of this year or in 2025. (Bloomberg)
📍Cognition Society Interpretation: This is real incremental funding.
Market News: GBTC shares fell 11% before the US stock market opened
Bloomberg analyst: GBTC's pre-market decline may be due to the allocation of shares to the Mini Bitcoin Trust
Bloomberg analyst James Seyffart said GBTC's pre-market decline may be due to the deployment of share allocations to the Grayscale Mini Bitcoin Trust, as the registration date for the split is today and the Mini Bitcoin Trust (BTC) is expected to start trading tomorrow.
Grayscale: GBTC shares will be split into mini trusts, resulting in a net value 10% lower than the previous day
Grayscale posted on the X platform that 10% of GBTC's underlying Bitcoin shares will be split into the mini trust, resulting in a net value 10% lower than the previous day. GBTC shareholders do not need to take any action to obtain the split proceeds and will be entitled to receive mini trust shares at a 1:1 ratio, while the overall exposure to Bitcoin will remain unchanged.
📍Cognition Society Interpretation: Grayscale is reducing the selling pressure to mini trusts.
Uniswap Labs: L2 transaction volume ranks 44th in the global national GDP ranking
Uniswap Labs published a post on the X platform stating that L2 transaction volume ranks 44th in the global national GDP ranking, and the transaction volume on the Uniswap protocol reached US$342.62 billion.
📍Interpretation from Cognitive Society: UNI needs to use profits to repurchase tokens and then destroy them.
🔹Summary: Bitcoin 65000 63000 is the key support level. 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: 65000 63000
Pressure level: 66800 68000
🏷Ethereum
Grayscale’s selling pressure is the core pressure of the market
Grayscale is estimated to need 3 months to sell. The selling pressure is the greatest in the first month. Wait for the chips to be exchanged.
A sharp drop in Ethereum is an opportunity to enter the market
Deploying Ethereum is the core strategy.
On July 28, Ethereum plummeted to a low of 3190, which coincides with the support level of 3200 in yesterday’s article.
Pressure level: 3350 3400
Support: 3240 3200
🏷LINK
Stuck at 14, in fact, 14.6 is the key pressure point
12.4 is the key support level
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
Whales are selling. Very weak. A sharp drop is an opportunity.
Pressure level: 8 8.2
Support level: 7.4 7
🏷️BLUR
0.2 0.23 pressure level
0.17 0.155 Support
🏷OP
weak
Cognition Society is the only one who reminds you to layout OP when the OP bottom is around 1.3
Pressure level: 1.8 1.9
Support level: 1.6 1.5
🏷️SUN
Whether SOL can stand firm at 200 and whether it is the triple top of the weekly chart is very important.
🏷CRV
0.3 is the key pressure point
0.24 0.2 key support level
🏷️UN
3.3 is an important pressure point
3 is an important support level. If it breaks 2.6, it will not break 3.3.
🏷️TREES
The 0.0128 pressure level should be stepped back
🏷️WIF
2.3 is the key support level.
2.6 2.8 Pressure level
🏷1000SATS
The fluctuation is a bit too exaggerated. 0.00032 dropped to 0.00024 and then rebounded to 0.00032. Strictly control the position and pay attention to the sharp drop.
0.0033 is the key pressure point
If the cost is around here and you lose 20 points, you can consider changing and reducing your position. If you don't have much bullets, after all, the counterfeit stocks have 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
0.16 pressure level is the key to strength
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
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: 5.5 5.7
Support level: 5.25
🏷️YUP
1.2 is the key pressure point
1 near support level
🏷BNB
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: 570 560
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?
