🔹Cognitive Society Commentary
Bitcoin's highest rebound point of 68800 on October 25 has a large discrepancy with the support level of 69600 mentioned in yesterday's article.
Bitcoin's highest rebound point of 68000 on October 24 coincides with the support level of 67700 in yesterday's article.
Bitcoin's lowest point of 66000 on October 23 coincides with the support level of 66000 in the article from yesterday.
Bitcoin's lowest point of 66400 on October 22 coincides with the support level of 66000 in yesterday's article.
Bitcoin's strong rebound still did not drive Ether.
The small inflow of funds into Ether spot ETFs has not saved Ether's weakness; it's important to know that Grayscale has recently sold very little, indicating that the funds in the market have become completely desperate for Ether, with many whales cutting losses.
Ether's failure to stabilize around 2770 is fundamentally an issue for the market because market confidence comes from price increases; after being weak for too long, everyone needs to live, needs the profit effect, and confidence comes from price.
Bitcoin at 70,000 is a key short-term resistance level; the strong resistance level is 73,000. I hope that when Bitcoin surges, altcoins will follow, as most people have heavily invested in Ether and altcoins.
Cognitive Society believes that the core influence on Bitcoin's mid-term is Trump's presidency and the extent of US rate cuts; as long as Trump is president, there should be a significant surge in the crypto industry, but in case of a sudden drop...
After December, market liquidity will gradually increase, along with the certainty after the US election; Cognitive Society still believes the market will gradually improve.
The US Bitcoin spot ETF saw a net inflow of $187 million yesterday, while BlackRock IBIT saw a net inflow of $165.3 million.
The US Ethereum spot ETF saw a net inflow of $2.29 million yesterday.
📍Cognitive Society Interpretation: There are no bearish reasons for the Bitcoin spot ETF buying.
The probability of a 25 basis point rate cut by the Fed in November is 96.3%.
According to CME's 'Fed Watch,' the probability of the Fed cutting by 25 basis points by November is 96.3%, while the probability of maintaining the current rate is 3.7%. The probability of maintaining the current rate until December is 1%, the cumulative probability of a 25 basis point cut is 28.5%, and the cumulative probability of a 50 basis point cut is 70.5%.
📍Cognitive Society Interpretation: A 25-point increase is certain; what if it surges by 50 points, haha.
Circle CEO: In the next decade, stablecoins may account for 5%-10% of the global money supply.
Circle CEO Jeremy Allaire stated that as the adoption rate of digital currencies continues to grow and increasingly becomes part of the global financial system, the stablecoin market could grow to $5 to $10 trillion within a decade.
Allaire stated that he expects stablecoins to account for 5%-10% of the global $100 trillion money supply in the next decade, as the technology will spread in a manner similar to Web2 innovations (such as online video and e-commerce). He said, 'We are in the early stages of stablecoin adoption, but in the next decade or two, this technology will become part of the global financial system.'
📍Cognitive Society Interpretation: It's a bad thing because it will be strictly controlled.
🔹Summary: Bitcoin at 70,000 is a key resistance level; every sharp drop in Bitcoin is an entry opportunity for Ether.
Starting from May 2024, it is the mid-term bull market for Bitcoin and Ether; every crash is an opportunity, focus on long-term K-line research for Ether, UNI, OP, NEAR, BLUR, and LINK.
🔹Short-term data
Disclaimer: The K-line data analysis provided by Cognitive Society is based on data analysis, does not represent any position, and has not received any money from project parties.
🏷Bitcoin
Support Level: 67000 66000
Resistance Level: 69000 71000
🏷Ethereum
Exceptionally weak.
Every sharp drop in Ether is an entry opportunity.
Investing in Ether is a core strategy.
Resistance Level: 2570 2620
Support Level: 2500 2460
🏷️SOL
The lowest point of 160 indicates that SOL is gradually becoming stronger; please pay attention to SOL's strength, as 185 and 195 are key resistance levels.
🏷LINK
12.2 is in friction; 13 is a strong resistance level.
New value, new RWA leader; crashes can be configured, Cognitive Society's 22-23 years layout of LINK.
🏷uni
To be strong, it must stabilize at 8.8.
Cognitive Society believes that UNI needs to do profit buybacks and then destroy the tokens to take off.
Resistance Level: 8.2 8
Support Level: 7.8 7.6
🏷️WIF
2.3 2.1 is a support level; 2.6 2.8 are resistance levels.
🏷️BLUR
0.26 0.28 are resistance levels.
0.24 0.22 are support levels.
🏷OP
Cognitive Society does not understand why such a good market has not stabilized at OP.
Cognitive Society believes that OP around 1.2 is still worth considering.
Resistance Level: 1.8 2
Support Level: 1.6 1.5
🏷CRV
Fighting around 0.25.
🏷️JTO
The peak indeed dropped sharply to 2.55, with support levels at 2.2 and 2.1.
🏷️BOME
0.0083 is the lowest point for a surge, 0.01 and 11 are strong resistance levels.
🏷1000SATS
Continuous decline requires caution; 0.00024 is an important support level.
Extreme volatility; strictly control positions.
🏷1000RATS
0.011 is the key support level.
Reduce positions when 1000RATS rebounds near the cost; after reducing positions, lower the long-term position ratio due to high volatility that most people cannot withstand.
🏷NEAR
Third time 4.4
When NEAR's price was around 1 in 2023, Cognitive Society uniquely reminded to invest in NEAR from 1.3 to 1.
Resistance Level: 4.8 5
Support Level: 4.5 4.4
🏷️JUP
0.94 is an important support level; 1.1 is a sharp drop.
🏷AI and NFP
It has fallen too deep; it's not that there are no updates, just that we can only wait.
To be strong, it needs to stabilize at 0.65.
🏷BNB
610 640 are strong resistance levels.
On Earth, when BNB was around 200, Cognitive Society exclusively reminded to invest in BNB from 210 to 180.
Support Level: 580 570
Resistance Level: 600 610
Others wait for a bigger rebound before updating.
🔹Cognitive attitudes toward making money
Cognitive Society does not like hindsight trading.
Also not fond of those KOLs who tout that they've earned money.
If someone in the crypto circle can profit from every coin's rise and fall.
Leveraging for a year does not mean earning 10 billion.
But the second-largest exchange on Earth is watching the manipulators control the market and has only lost several billion to go bankrupt.
Form your own trading system, earn money within your cognitive range, do not fantasize about profiting from every daily fluctuation, and certainly do not fantasize about profiting from every coin's rise and fall; such people and institutions do not exist on Earth; if such institutions did exist, the exchange FTX, which monitors the main backers, would not have collapsed.
Desires and capabilities are mismatched.
Inner peace can never be calm.
If your inner self is not calm, how can you hold onto coins?
Many people tend to rely on others' promises and guarantees to hold coins during a crash.
Banks can collapse; even some large countries' fiat currencies can collapse; Evergrande and Zhongzhi's debt of several trillion have gone bankrupt.
Do you think promises of returns from trustworthy people exist in such a high-risk crypto industry?
The charlatans are just talking nonsense; have you seen those who promote the bull market still around during a true crash or bear market?
