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🔹Reviews of Cognitive Society
On April 7, Bitcoin reached 70,000, which was a strong consolidation. The decline was small, and the rebound was the characteristic of Bitcoin this year.
Whether Bitcoin can reach 72,000 on April 8 is of great significance to the altcoins, because Bitcoin is once again close to its historical high point, and the altcoins should have a strong rebound. After all, this round of retracement is at the level of the daily line, and many altcoins have plummeted.
Ethereum and Shanzhai will choose the short-term direction on April 8. If Ethereum can stand firm at 3460, Shanzhai will make up for the rise. The decline is too large and needs an oversold rebound to boost people's confidence.
If the market fails to maintain above 3460, it will have to fall back to around 3310.
If Ethereum hits the bottom again, the altcoin will fall again.
If Bitcoin falls back but does not break 68,000, it is considered a strong consolidation. Every fall back is an opportunity for Ethereum and copycats.
🔹Hot Trends
SOL185 200 is the key pressure point. If it stands firm at 185, there is hope for a second peak.
SOL is of great significance to the entire SOL ecosystem, such as BOME JUP JTO
ARB Lying and Equal
Wright If Wright does not break 96, it is expected to continue to sprint towards 110
DOGE 0.193 is the key support level. If it is not broken, it will continue to rise to around 0.22.
1000PEPE 0.0076 pressure is the key, stand firm at 0.0076 and it will slowly stabilize
#WIF 3.9 is the key pressure level, 3.3 is the key support level for rebound
#YGG 1.16 is the core support level, 1.6 is the strong pressure level Box band
BOME0.13 is not broken and there is an expectation of rebounding to 0.15
#BOME Around 0.13 and 0.09, several long-term
#JUP 1.5 is the key pressure point. If it fails to pass 1.5, it will rebound around 1.35.
If there is 1.33 1.13 is a good position for long-term configuration
#JTO 4.1 is the key pressure point. If it fails to pass, it will fall back to around 3.8.
If there is a chance, you can configure long-term
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🔹The K-line spirit of cognitive society
Many new fans feel that the articles of Cognition Society do not have direct bullish or bearish opinions, which affects the chances of making money by playing contracts. The principle of Cognition Society is to play more spot in a bull market. We do not over-judge the rise and 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.
🔹Understand the position attitude towards the bull market
Cognition Society believes that under the premise of a bull market, when encountering a high-risk area after a big surge, it is ideal to hold 6 to 8 positions (8 for a comfortable economy and 6 for a tight economy).
Don’t fantasize about escaping the top in the early and middle stages of a bull market, let alone escaping at every top. Even escaping at 312 in 2020 may not necessarily be the right move.
You can use a God’s perspective to say that if you sell Bitcoin at 8,000, wouldn’t it be a good idea to buy it at 3,800 after 312 happens?
Daydreaming, 3800 in a flash, and soon 5900, not such an exaggerated profit, but if you don't buy it back in time, missing out on the big bull market of 69000 is the most painful.
If the initial peak of the bull market is not reached, you may suffer for a few months, but if you miss the bull market, you will suffer for four years.
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🔹 Daily Coin News Interpretation
EMC Labs report: The massive sell-off in the crypto market before Bitcoin halving is coming to an end
On April 7, crypto fund management company EMC Labs released its March report, saying that investors began to sell off on a large scale on February 26. From February 26 to March 12, the first half of the sell-off was dominated by buying momentum, and the price rose from 51,730.96 to 71,475.93 US dollars. In the second half of the sell-off from March 13 to March 31 (not yet over), BTC was dominated by selling momentum, and the price fell from 73,709.99 to 60,771.74 US dollars. From February 26 to March 31, sellers locked in nearly 63.1 billion US dollars in profits.
By the end of March, the scale of selling had dropped significantly, but it was still as high as $1 billion, which caused the price to fail to rebound and fall again in April. EMC Labs believes that the selling force is fading significantly, and the first wave of big selling in the bull market is coming to an end. This wave of large-scale selling before the production cut cleared a large number of profitable chips, raised the cost center of gravity of BTC, and helped to increase the price in the next stage.
Throughout March, a total of $8.9 billion flowed into the stablecoin channel, setting a monthly inflow record since this cycle. This inflow was the basic support for BTC prices to set a historical record in March, and was also one of the undertakers of the big sell-off in March.
Cognitive Society Interpretation: Well-founded logical judgment is a good reference.
Aave-Chan Initiative founder: Aave community will launch temperature check vote on “fee switch” proposal next week
On April 7, The Block reported that according to a post published by Marc Zeller, founder of the Aave-Chan Initiative, on the X platform, the Aave community may be about to vote on whether to turn on the "fee switch" and distribute fees to holders. Zeller wrote that a temperature check will be conducted next week to activate the "fee switch", while noting that Aave DAO's current net profit totals approximately US$60 million per year, reflecting five years of operating costs. If Aave DAO chooses to activate the fee, they will follow the practice of the decentralized stablecoin protocol Frax Finance, which recently voted in favor of a proposal to re-implement its own fee switch. Meanwhile, the decentralized exchange Uniswap is in the final preparation stages for its fee switch proposal, which is expected to be launched in mid-April after a successful temperature check.
📍Cognition Society Interpretation: AAVE is finally going to learn from UNI. Cognition Society’s article is an exclusive reminder to DEFI that other coins will imitate UNI.
A large ETH investor deposited 1,822 ETH to Binance 8 hours ago. If sold, the estimated loss is $526,000
On April 7, according to the monitoring of on-chain analyst @ai_9684xtpa, eight hours ago, a large ETH investor recharged 1,822 ETH to Binance, worth US$6.09 million.
This ETH was transferred from Binance two weeks ago at an average price of $3,632. If all of it were sold, a loss of $526,000 would result. The whale also sold at a loss during the period from March 5 to March 19: the entry price was $3,813 and the exit price was $3,303, resulting in a loss of $830,000.
📍Interpretation of Cognitive Society: Retail investors’ misunderstanding is that the rich are guaranteed to win in the cryptocurrency circle.................
🔹Summary: Bitcoin holding 68,000 is a strong consolidation, and many altcoins need to rebound from oversold prices; 24 years is the initial stage 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 for April 7
🏷Bitcoin
Support: 68200 67400
Pressure level: 70000 72000
🏷Ethereum
3460 is the key pressure point for fixed investment
If you truly believe in ether, then a sharp drop is an opportunity, and a sharp rise is not an opportunity.
Pressure level: 3460 3520
Support: 3370 3320
🏷 him
Hey, what can I say?
Uniswap’s historical trading volume exceeds $2 trillion, exceeding Australia’s GDP
According to Cointelegraph on April 5, data from the Dune Analytics dashboard compiled by Zach Wong, head of strategy and operations at Uniswap, showed that the historical trading volume of the decentralized exchange Uniswap has exceeded 2 trillion US dollars, a milestone achieved five and a half years after its launch in November 2018. In comparison, Uniswap's $2 trillion trading volume exceeds the gross domestic product (GDP) of Australia, Brazil and South Korea.
Cognition Society is the only one that reminds the bottom area near UNI4
Support: 11 10.6
Pressure level: 11.6 12
🏷LINK
18 I was confused when I couldn't stand still
Pressure level: 18.2 19
Support: 17 16.5
🏷1000SATS
If you want to be strong, you need to stand firm 0.00056
In case of a sharp drop in SATS, pay attention to it in batches. Here are the new batch of coins that Cognitive Society is paying attention to in the long term.
🏷1000RATS
If you want to be strong, you need to stand firm 0.33
In case RATS plummets, pay attention to it in batches. Here are the new batch of coins that Cognitive Society is paying attention to in the long term.
Pressure level: 0.3 0.33
🏷DYDX
Tank
Every time DYDX plummets, you should allocate some and pay attention to it. The new batch of long-term coins that Cognitive Society pays attention to
Cognitive Society is very optimistic about the future and value of DYDX, which can be followed in batches
Pressure level: 3.2 3.3
AI
Only when it stands firmly at 1.6 can it slowly stabilize without a sharp drop
Every time AI plummets, you should allocate some and pay attention to it. The new batch of long-term coins that Cognitive Society pays attention to
Support levels: 1.5 1.41
🏷BNB
600 is the short-term pressure, 620 is the strong pressure level
Can you believe it?
On Earth, when BNB is around 200, Cognition Society exclusively reminds you to invest in BNB between 210 and 180
Support: 580 575
Pressure level: 595 600
🏷NFP
0.77 0.81 is the key pressure point
0.62 is the key support level
Every time NFP plummets, you should allocate some and pay attention to the new batch of long-term coins that Cognitive Society is focusing on.
🏷CRV
To stabilize, it needs to stand firm at 0.66
Pressure level: 0.65 0.68
Support: 0.62 0.6
🏷OP
3.3 is the short-term pressure level
Cognition Society was the only one who reminded us to upgrade Cancun when the OP bottom was around 1.3.
Pressure level: 3.2 3.3
Support level: 3 2.9
🏷ARB
Continue to invest regularly, and reduce the rebound
Support: 1.45 1.4
Cognitive Society Earth Exclusive Reminder "ARB" 0.9 below the fixed investment, for example 0.88 0.85 0.82 0.79 0.76 0.73. The actual minimum is 0.74
🏷NEAR
7.5 crash
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: 7.2 7.4
Support: 6.8 6.6
🏷BLUR
The lowest point is indeed 0.5, and there will be a rebound if it does not break
0.56 0.58 short-term pressure level
🏷️
There is no market. Please suspend updating this coin.
🔹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.
Mismatch between desire and ability
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?
