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🔹Reviews from Cognitive Society
Ethereum and Shanzhai plummeted in April 2024, rebounded in May, and then plummeted for three months. September is the first month that Ethereum and Shanzhai have a hope of a big positive line.
We cannot say that Ethereum and altcoins will take off when the monthly line has a big positive line, but only a strong rebound of the monthly line will have hope for a bottom. Therefore, the closing of the last two days is the key.
Bitcoin's daily chart is at the critical point of double top and W bottom. The key is whether it can stabilize at 70,000 or fall back below 65,000.
As long as Bitcoin can hold steady at 65,000 in the next few days, it will only be a matter of time before it reaches 70,000.
It has been rising for a long time. Choose the direction in the short term around September 30. Don't chase highs. Pay attention to it when it drops sharply. As long as the interest rate is cut in November, the market will gradually get better. The biggest risks at the end of the year are whether the US economy will fall into recession and the US election. These things will be completely settled in December.
The highest point of Bitcoin rebound on September 28 was 66,500, which coincides with the pressure point of 67,000 in the article of Cognitive Society yesterday.
The highest point of Bitcoin rebound on September 27 was 66,400, which coincides with the pressure point of 67,000 in the article of Cognitive Society yesterday.
On September 26, Bitcoin fell back to the lowest point of 62,700 and was close to the support level of 63,000 in the article of Cognitive Society yesterday.
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.
🔹Cognitive Society News Interpretation
Bitcoin spot ETF had a net inflow of $494 million yesterday, continuing its net inflow for 7 consecutive days
This week, the total net inflow of US Bitcoin spot ETFs was US$1.106 billion, including:
BlackRock IBIT: +$499 million
Fidelity FBTC: +$206 million
Bitwise’s BITB: +$82.8 million
ARK’s ARKB: +$269 million
Invesco BTCO: +$9.8 million
Franklin’s EZBC: +$5.7 million
Valkyrie BRRR: +$7.9 million
VanEck’s HODL: +$33.3 million
Grayscale GBTC: -$21.8 million
Grayscale Mini BTC: +$14.2 million
According to Trader T data, the U.S. Ethereum spot ETF had a net inflow of $58.62 million yesterday, including:
BlackRock ETHA: $11.43 million
Grayscale ETHE: -$10.72 million
Grayscale Mini ETH: $2.29 million
Fidelity FBTC: $42.54 million
Bitwise ETHW: $5.43 million
21Shares CETH: $1.35 million
Invesco QETH: $4.32 million
VanEck ETHV: $1.98 million
Franklin EZET: $0 million
📍Interpretation of Cognition Society: BlackRock is buying Bitcoin crazily and Ethereum slowly.
MicroStrategy's Bitcoin holdings have generated over $6.8 billion in profits
As the price of Bitcoin exceeded $66,000, MicroStrategy's Bitcoin holdings had a floating profit of approximately $6.814 billion. As of September 19, 2024, MicroStrategy held a total of 252,220 Bitcoins, with a total purchase cost of approximately $9.9 billion and an average price of approximately $39,266.
Cognitive Society Interpretation: In the short term, it is a huge positive, but in the long term, it is a huge negative, similar to the current situation where Grayscale has 2.7 million ethers.
Sun Ge’s team transferred the last 175.7 million TUSD held on the Ethereum chain to HTX 1 hour ago
According to monitoring by Ember, one hour ago, the relevant address of Sun Ge’s team transferred the last 175.7 million TUSD held on the Ethereum chain to HTX, and a total of 392.3 million TUSD were transferred to HTX in the past two days. Currently, the total circulation of TUSD is only 495.5 million, and Sun Ge’s team holds 394.3 million (most of which have been transferred to HTX).
📍Interpretation of Cognition Society: Brother Sun is really rich.
🔹Summary: As long as Bitcoin stands firm at 65,000 and repeatedly hits 70,000, 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: 64600 63200
Pressure level: 66500 69000
🏷Ethereum
2700 2800 is the key pressure point
A sharp drop in Ethereum is an opportunity to enter the market
Deploying Ethereum is the core strategy.
Pressure level: 2700 2800
Support: 2620 2580
🏷️SUN
The key to whether the rise can be made up is 164
🏷LINK
13.2 resistance level 12.3 11.5 support level
New value, new RWA leader, the plunge can be configured, cognitive society 22 23 years 5 layout LINK
🏷 him
A sharp drop is an opportunity, no rise
Cognition Society believes that if UNI wants to take off, it needs to repurchase tokens with profits and then destroy them.
Pressure level: 7.9 8.2
Support level: 7.4 7
🏷️WIF
2.5 2.8 Pressure level
2.1 2 Support Level
🏷️BLUR
0.22 0.2 support level
0.25 0.28 pressure level
🏷OP
If you want to be strong, you need to stand firm 2
Cognition Society believes that OP around 1.2 is still worth considering
Pressure level: 1.95 2.2
Support levels: 1.75 1.66
🏷CRV
Want to make up for the rise and stabilize at 0.36
0.28 is the key support level
🏷️UN
2.6 2.9 Pressure level
2.3 2.1 support level
🏷️TREES
0.00084 88 pressure level
0.00074 0.0007 support level
🏷1000SATS
0.00038 stuck
0.00027 is the core support level, and it will remain bullish until it is broken.
Extremely volatile, strictly control positions
🏷1000RATS
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
5.2 is the key support level, and it is bullish until it is broken
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: 5.7 6
Support levels: 5.4 5.2
🏷️YUP
If you want to catch up, SOL needs to stand firm at 162. 1 is a strong pressure point.
0.86 is the key support level
🏷 AI
The decline is too deep. It’s not that we won’t update, but we can only wait.
If you want to be strong, you need to stand firm at 0.65
🏷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: 595 585
Pressure level: 620 640
Others, wait for more updates
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?
