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🔹Reviews of Cognitive Society
Bitcoin is sprinting towards 64,800. Although it is still consolidating in the range, the pressure of 65,000 still exists.
On September 25, the popularity and strength of the counterfeit market increased, especially the surge in BLUR, which made many brothers feel relieved. Although it has not reached 0.3, it has surged after all.
Don't chase highs in the short term, because the price has risen too much. The biggest hidden danger in October and November is the US election. Trump's victory is naturally the most perfect outcome, but if... there will definitely be a sharp drop.
The consolidation of Bitcoin's daily line above the o-axis has filled the market with momentum and vitality, but if this kind of copycat general rise wants to go far, it must have a leader and technical momentum.
Although MEME coin has performed strongly in the past 24 years, it has never been able to lead the general rise of copycats, because things without value support are difficult to go too far or too long.
Whether Bitcoin will break through 65,000 or fall below 60,000 at the end of the month is the core of the market, because the closing price of Bitcoin's monthly line directly affects the confidence of the main force of the cottage industry. As long as Bitcoin stabilizes, the cottage industry will have a super-invincible market at the end of the year.
The highest point of Bitcoin rebound on September 25 was 64,800, which coincides with the pressure point of 65,000 in the article of Cognitive Society yesterday.
On September 24, Bitcoin fell back to the lowest point of 62400, which coincided with the support level of 62300 in the article of Cognitive Society yesterday.
On September 23, Bitcoin fell back to the lowest point of 62,300, which coincided with the support level of 62,300 in the Cognitive Society article yesterday.
On September 22, Bitcoin fell back to the lowest point of 62,300, which coincided with the support level of 62,300 in the Cognitive Society article yesterday.
On September 21, Bitcoin fell back to the lowest point of 62,300, which is close to the support level of 61,800 mentioned in yesterday's article.
On September 20, the highest point of Bitcoin rebound was 64,100, which was close to the pressure point of 63,500 mentioned in yesterday’s article.
🔹
US spot Ethereum ETF had a net inflow of $62.43 million yesterday
US spot Bitcoin ETFs saw a net inflow of $135.26 million yesterday
📍Interpretation of Cognitive Society: Touched, BlackRock bought 62.4 million ether.
For every 50 basis point rate cut by the Federal Reserve, Tether and Circle’s annual revenues will decrease by $488 million and $144 million respectively.
Stablecoin research company Bluechip published an article on the X platform stating that for every 50 basis point rate cut by the Federal Reserve, Tether's annual revenue will decrease by $488 million and Circle's annual revenue will decrease by $144 million. As the Federal Reserve cuts interest rates, the income that stablecoin issuers receive from U.S. Treasuries will decline, which may force them to make riskier investments to make up for the loss of income.
In addition, according to a screenshot shared by Bluechip, as of September 22, Circle and Tether held more than $125 billion in U.S. Treasuries.
📍Interpretation of Cognition Society: Some countries really don’t understand that allowing stablecoin companies is actually a huge profit.
Deribit: Bitcoin's $5.8 billion quarterly options expiration may trigger market volatility
According to CoinDesk, cryptocurrency exchange Deribit said that the Bitcoin market may become busy in the next two days as options contracts worth billions of dollars will expire on Friday. As of this writing, 90,000 BTC options contracts worth $5.8 billion and ETH options worth $1.9 billion need to be settled.
📍Interpretation of Cognitive Society: 5.8 billion is not bad
🔹Summary: Bitcoin is strong as long as it does not break 62200. 65000 is the core pressure point in the short term. 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: 63000 62000
Pressure level: 64800 67000
🏷Ethereum
Still suppressed by 2700
A sharp drop in Ethereum is an opportunity to enter the market
Deploying Ethereum is the core strategy.
Pressure level: 2670 2800
Support: 2580 2500
🏷️SUN
The highest point of 154 is expected, the key to whether it can make up for the rise is 164
🏷LINK
If you want to be strong, the first 12.6 is actually 15.
New value, new RWA leader, the plunge can be configured, cognitive society 22 23 years 5 layout LINK
🏷 him
If there is a pullback, you can pay attention to UNI
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: 6.8 6.7
🏷️WIF
Follow the market and start grinding 2.2
🏷️BLUR
If it stands at 0.24, it will repeatedly rush to around 0.3
🏷OP
1.8 didn't even stand firm
Cognition Society believes that OP around 1.2 is still worth considering
Pressure level: 1.8 2
Support level: 1.6 1.5
🏷CRV
0.31 0.34 is the short-term pressure level. The real strong point is 0.36
0.28 is the short-term support level.
🏷️UN
This wave of SOL ecosystem is a bit weak.
I feel like if I want to catch up, SOL will probably need to surge first.
2.6 is not a strong pressure point, the strong one is 2.9
🏷️TREES
Very weak 0.00074 0.008 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
0.016 0.019 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
Super strong rebound
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: 5.4 5.7
Support level: 5.1 5
🏷️YUP
If you want to catch up, SOL needs to stand firm at 162. 1 is a strong pressure point.
🏷 AI
The decline is too deep. It’s not that we won’t update, but we can only wait.
🏷BNB
600 660 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: 590 580
Pressure level: 610 620
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?
