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🔹Reviews of Cognitive Society
The highest point of Bitcoin rebound on September 5th was 60,000, which perfectly matches the pressure point of 60,000 in yesterday’s article.
Bitcoin rebounding to 60,000 is expected and is also the standard way of playing in the volatile market. The repeated long and short fluctuations have made more and more people play the market and finally start to choose the direction.
On the surface, the sharp drop was caused by Grayscale's selling of 2,000 bitcoins, but in fact it has nothing to do with it, because Mentougou's 60,000 bitcoins did not prevent the then bitcoin price of 56,460 from rising to 70,000. The fundamental reason is the lack of confidence and buying in the market. Everyone saw Grayscale's selling and collectively withdrew their buying orders.
When a couple is in love, they break up because the other person has bad breath because of not brushing teeth. On the surface, it is because of bad breath, but in fact, it is because of love. Otherwise, people who love each other never care about kissing.
Bitcoin rebounded to 60,000 and 62,500, which are important pressure levels. Bitcoin plummeted to 56,000 and 54,000, which are important support levels.
We can only wait for the incremental funds after the interest rate cut to save the situation.
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 in Cognition Society do not directly predict the rise or fall of prices, which will affect their fortune. The principle of Cognition Society is to focus on spot trading in a bull market. We do not over-judge the rise or 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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TS Lombard: As long as the data does not suddenly deteriorate, the Fed will stick to the pace of cutting interest rates by 25 basis points at each meeting
Macro research firm TS Lombard said that easing policy too quickly increases the risk that the current low inflation rate will be fleeting, especially if excess liquidity persists. The firm's guess is that unless the data suddenly deteriorates, the Fed will stick to the pace of 25 basis points of rate cuts per meeting. In other words, the market has been a step or two ahead of the Fed. With an economic slowdown looming, the Fed's federal funds rate will reach 3.75%, but a recession is ultimately avoided and the expected return to 2% inflation will prove to be a fantasy. The firm said that the market is deliberately ignoring the risk of a worse inflation outcome without even considering what Harris or the Trump administration will do. However, the Fed should not ignore the inflation risks brought about by excess liquidity.
📍Interpretation of Cognition Society: We dare not think of reducing the rate too much. After all, if the rate is reduced too much, it may lead to a recession in the US economy. We should take it slow.
Greeks.live: Greenleaf lending rates and long positions show that whales are placing long orders
Greeks.live analyst Adam wrote on the X platform, “Since 19:00 Beijing time on September 2, the Green Leaf lending market has continued to have borrowing opportunities with an annualized interest rate of more than 20% in the past 10 hours. At the same time, since August 28, the net increase in BTC margin long positions is 3,000.
Luye's lending rates and long positions have always been leading indicators of the bull market. Significant increases in interest rates and long positions were also seen before the first two major surges.
At the same time, the options market also began to see a large number of large call options transactions, accounting for 30% of the total transactions on the day, and the whales were fully deploying long orders. "
📍Cognition Society Interpretation: It takes time, especially ether
President of The ETF Store: Four Bitcoin spot ETFs occupy the top four inflows of newly listed ETFs in the United States this year
Nate Geraci, president of BThe ETF Store, disclosed data on the X platform: "Of the 25 top ETFs launched in the United States this year, 13 are related to Bitcoin or Ethereum. About 400 new ETFs have been listed in the United States this year, and the top four inflows so far this year are all spot Bitcoin ETFs."
In the past 11 years, BTC fell in September in 8 years and rose in October in 9 years.
According to Lookonchain monitoring, historical price data shows that from 2013 to 2023, BTC fell in September in 8 years (73%) and rose in October in 9 years (82%).
📍Interpretation of Cognitive Society: Hahaha, contradictory psychology.
🔹Summary: Bitcoin is around 57,000, 54,000 is the key support level, 60,000 and 62,000 are the short-term key pressure levels, every plunge in Bitcoin is an opportunity for Ethereum to enter the market
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: 57000 54000
Pressure level: 60000 61000
🏷Ethereum
2400 2150 important support level 2600 key resistance level
A sharp drop in Ethereum is an opportunity to enter the market
Deploying Ethereum is the core strategy.
Pressure level: 2540 2600
Support: 2420 2200
🏷️SUN
Highest 137 Trapped 140
126 120 support level
🏷LINK
10.2 9.4 is the support level 11.2 12 is the key resistance level
New value, new RWA leader, the plunge can be configured, cognitive society 22 23 years 5 layout LINK
🏷 him
Although strong, it is not hard. 6.3 drops sharply
Pressure level: 6.2 6.5
Support: 5.85 5.6
🏷️WIF
The highest point of 1.63 is within expectations, and the fluctuation is very comfortable
1.4 1.2 support level
1.7 is the key short-term pressure point
🏷️BLUR
Countless whales suffered heavy losses in spot trading
0.17 0.2 pressure level
0.15 0.13 support level
🏷OP
Cognition Society believes that OP around 1.2 is still worth considering
Pressure level: 1.5 1.6
Support levels: 1.35 1.25
🏷CRV
0.27 is struggling again, falling below 0.27 is weak
🏷️UN
This wave of SOL ecosystem is a bit weak.
2 Support Level
🏷️TREES
0.0064 pressure level
0.00057 0.0053 support level
🏷1000SATS
Extremely volatile, strictly control positions
0.00027 is the core support level, 0.00031 34 is the pressure level
🏷1000RATS
Weak
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
3.8 is the key support level, 3 is the strong support level
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: 4 4.2
Support level: 3.8 3.5
🏷️YUP
0.7 0.64 support level
🏷BNB
On Earth, when BNB is around 200, Cognition Society exclusively reminds you to invest in BNB between 210 and 180
Support: 510 500
Pressure level: 540 550
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?
