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🔹Reviews of Cognitive Society
On September 19, the US dollar finally cut interest rates, even by 50 basis points.
Although there are countless financial anchors on TikTok who swear to the heavens that the U.S. will not cut interest rates on September 19 but will only raise them, no matter how many people swear, it cannot change the facts.
The cryptocurrency market started its first round of surge in anticipation of a rate cut. This was a release of emotions, not a real influx of incremental funds, because it takes time to release more funds after a rate cut.
The US election will be held in November, so if Trump wins, it will be the time for the real surge in the cottage industry. If Trump loses, it is estimated that there will be a sharp drop. After the sharp drop, the third interest rate cut of the US dollar should have another surge.
Because interest rate cuts require time to amplify the effect, the more times interest rates are cut, the more abundant the funds in the market will be.
Cognition Society has repeatedly reminded us that as long as there is no inflation rebound in the United States, interest rate cuts are expected and necessary for the U.S. economy.
Bitcoin's daily line began to return to above the o axis, which is a sign of short-term market confidence. As long as Bitcoin holds 61,000, the altcoins will rotate repeatedly.
Bitcoin 63500 is very critical, because if it falls back to 61000 without breaking, and breaks through 63500 with a large volume when it sprints again, the strong pressure level ahead is far away around 68800.
Bitcoin falls back to 61,000, 59,000 is the key, as long as 61,000 is maintained, we will continue to be bullish.
🔹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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US spot Ethereum ETF had a net outflow of $9.7 million yesterday
According to Trader T monitoring, the U.S. spot Ethereum ETF had a net outflow of US$9.7 million yesterday, including:
ETHE had a net outflow of $14.66 million, ETHA had a net inflow of $4.95 million, and other Ethereum ETFs had no inflows or outflows.
US spot Bitcoin ETF had a net outflow of $52.83 million yesterday
According to Trader T’s monitoring, the U.S. spot Bitcoin ETF had a net outflow of $52.83 million yesterday, including:
GBTC had a net outflow of US$8.13 million, BTC had a net inflow of US$2.66 million, BITB had a net outflow of US$3.95 million, ARKB had a net outflow of US$43.41 million, and other Bitcoin ETFs had no inflows or outflows.
📍Interpretation by Cognitive Society: After the interest rate cut, I hope BlackRock will buy more Ether.
Goldman Sachs: The Fed is expected to implement a 25 basis point rate cut at each meeting from November 2024 to June 2025
Goldman Sachs said it expects the Federal Reserve to implement 25 basis point rate cuts at each meeting between November 2024 and June 2025, compared with its previous forecast of quarterly rate cuts in 2025.
Cognitive Society Interpretation: If the interest rate is cut by 100 basis points in 24 years, the market will soar.
Blockdaemon executive: Hong Kong regulators may approve the staking function of Ethereum spot ETF within this year
Andrew Vranjes, head of international and vice president of Blockdaemon, said that Hong Kong regulators may approve the staking function of the Ethereum spot ETF within this year. Currently, the Blockdaemon team is working closely with spot crypto ETF issuers and local regulators in Hong Kong to develop a viable staking solution. Vranjes pointed out that the staking function is expected to be approved "within a specific framework" and may be open to qualified investors first. He added that the team has made progress and expects relevant announcements to be released soon.
📍Interpretation of Cognitive Society: Cognitive Society also hopes that Ethereum can allow staking.
Arkham: The US government’s BTC holdings are worth $12.16 billion, and the German government’s BTC holdings have returned to zero
Arkham disclosed the Bitcoin holdings of various governments on the X platform. The specific data are as follows:
1. The U.S. government’s Bitcoin holdings are worth approximately $12.16 billion;
2. The value of the UK government’s Bitcoin holdings is approximately $3.67 billion;
3. The Bhutanese government’s Bitcoin holdings are worth approximately $782.46 million;
4. The Salvadoran government’s Bitcoin holdings are worth approximately $351.75 million.
5. The value of the German government’s Bitcoin holdings has returned to zero (it previously held Bitcoin worth $3.56 billion)
📍Cognition Society Interpretation: The US government is the smartest, embracing Bitcoin and making money from Bitcoin.
🔹Summary: Bitcoin 63500 is the short-term critical point, 61000 60000 is the short-term key support level, every plunge of 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: 61500 60000
Pressure level: 63500 67000
🏷Ethereum
Although the rebound is still weak
A sharp drop in Ethereum is an opportunity to enter the market
Deploying Ethereum is the core strategy.
Pressure level: 2460 2520
Support: 2400 2360
🏷️SUN
FTX sell-off is very weak, no need to pay attention if there is no sharp drop. 145 is the key short-term pressure point
🏷LINK
11.6 13.2 is the key resistance level 10.2 is the key support level
New value, new RWA leader, the plunge can be configured, cognitive society 22 23 years 5 layout LINK
🏷 him
7.1 is the key pressure point
Cognition Society believes that if UNI wants to take off, it needs to repurchase tokens with profits and then destroy them.
Pressure level: 7 7.1
Support: 6.55 6.4
🏷️WIF
1.4 is indeed the lowest point
1.75 is generally suppressed, 2 is a strong pressure point
🏷️BLUR
0.21 is the key pressure point 0.23 is the strong pressure point
🏷OP
1.6 2 pressure level, want to stand firm 2
Cognition Society believes that OP around 1.2 is still worth considering
Pressure level: 1.6 1.7
Support: 1.4 1.3
🏷CRV
0.255 is the key support level, which is indeed the lowest point. 0.3 is the key resistance level.
🏷️UN
This wave of SOL ecosystem is a bit weak.
2.3 2.5 Pressure level
🏷️TREES
0.00068 0.00072 Pressure level
🏷1000SATS
Extremely volatile, strictly control positions
0.00027 is the core support level, which is bullish unless it is broken; 0.00034 is the short-term pressure level
🏷1000RATS
0.014 is the key 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
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: 4.5 4.8
Support level: 4.2 4
🏷️YUP
0.83 0.89 pressure level
🏷BNB
570 600 is extremely important, the key is whether BNB's weekly line is the second top
On Earth, when BNB is around 200, Cognition Society exclusively reminds you to invest in BNB between 210 and 180
Support: 550 540
Pressure level: 570 580
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?
