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🔹Reviews of Cognitive Society
Bitcoin's plunge to 58,200 on June 25th perfectly matches the support level of 58,000 in yesterday's Cognition Society article.
On the eve of the plunge, the article of Cognition Society clearly stated that a plunge of 58,500 is a good option for Bitcoin. The most ideal situation is that it needs a negative plunge to around 54,500. It will be effective quickly. While breaking through the long orders, the main force can open long orders and eat the bloody chips at the same time.
Sure enough, after the sharp drop of Bitcoin, the altcoin began to rebound strongly
The strong rebound of the cottage has the characteristics of a primary bottom, but it still needs to stabilize the high point of June 20 in the future to be meaningful.
The pressure level for Bitcoin to rebound is 62400 63000. If it fails to stand at 63000, it will fall back again.
Don't be afraid of a crash
I'm afraid of a fall.
There is still some time before the Ethereum spot ETF is open for trading, so every time there is a sharp drop in Ethereum, it is the first thing to consider.
🔹The K-line spirit of cognitive society
Many new fans feel that the articles of Cognition Society do not directly predict the rise or fall of the market, 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 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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Yesterday, the U.S. Bitcoin spot ETF had a net outflow of $174.5 million, marking the seventh consecutive trading day of net outflow
📍Interpretation of Cognition Society: Bitcoin spot ETF has a net outflow, and Bitcoin is visibly weaker than Ethereum.
Bloomberg Analyst: VanEck Files Form 8-A for Spot Ethereum ETF
Bloomberg ETF analyst Eric Balchunas wrote on the X platform that VanEck submitted the 8-A form for the spot Ethereum ETF, which is only part of the process, but it should be noted that they submitted the 8-A form for spot Bitcoin 7 days before the launch of spot Bitcoin, and there may be more news disclosed later.
📍Cognitive Society Interpretation: Ethereum will take off soon
Jupiter launches Swap V3, enabling instant routing, dynamic slippage and more
On June 25, according to official news, Solana ecosystem DEX Jupiter launched Swap V3, which can realize instant routing, dynamic slippage, smart token filtering, ecosystem token list and other functions through its Metropolis liquidity backend.
📍Interpretation of Cognitive Society: JUP studied at last year's UNI, and kept falling.
Arbitrum’s on-chain DEX had a transaction volume of $864.1 million yesterday, surpassing Solana to rank second
DeFiLlama data shows that the transaction volume of Ethereum DEX on June 24 was US$2.582 billion, ranking first.
In addition, the transaction volume of Arbitrum on-chain DEX yesterday was US$864.1 million, surpassing Solana to rank second; the transaction volume of Solana on-chain DEX yesterday was US$751.92 million, ranking third.
📍Interpretation of Cognitive Society: ARB is really stupid for not empowering tokens.
Matrixport: Institutional investors may enter the market slower than expected
Matrixport published a statement saying that data from several Bitcoin ETEF issuers showed that institutional investors including asset management companies, investment advisors, pension funds and sovereign wealth funds are buying Bitcoin spot ETFs. However, since mid-March, capital inflows have been almost zero, and with $1.2 billion in capital outflows seen in the past ten days, institutional investors may be entering the market slower than expected.
📍Interpretation of Cognition Society: It is also good for institutions to buy some Ethereum spot ETFs.
US Bitcoin spot ETF has seen a cumulative net outflow of US$1.298 billion in the past two trading weeks, with BlackRock becoming the only fund with positive performance
📍Interpretation of Cognitive Society: BlackRock is really awesome
🔹Summary: The biggest factor affecting the market is the compensation plan of Mentougou. Every time Bitcoin plummets, it is an opportunity for Ethereum to enter the market.
There is no destructive negative news. Bitcoin 56600 is likely to be the bottom area of the third historical bottoming out.
May 2024 is the mid-term 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: 60000 58500
Pressure level: 62300 63000
🏷Ethereum
Strong rebound 3500 is the key pressure point
Ethereum has the protection of Ethereum spot ETF. Even if Bitcoin plummets, Ethereum's 3000 is still a super strong support level.
If the Ethereum spot ETF is traded in August, there are still 2 months left
Focus for the next six months
A sharp drop in Ethereum is an opportunity to enter the market
Deploying Ethereum is the core strategy.
Pressure level: 3450 3500
Support: 3360 3300
🏷LINK
The bottom-fishing power is really good around 12, but it didn’t stabilize until it stood at 15.
New value, new RWA leader, the plunge can be configured, cognitive society 22 23 years 5 layout LINK
🏷 him
Struggling around 9, 10 and 11 become strong pressure points
Pressure level: 9.5 10
Support: 8.9 8.5
🏷️BLUR
The key to whether the bottom-fishing power of 0.22 is effective is whether 0.28 can stand firm
Cognition Society believes that BLUR is below 0.38 and some long-term investments should be allocated in batches
🏷OP
2 Unexpectedly... can't touch
Cognition Society was the only one who reminded us to upgrade Cancun when the OP bottom was around 1.3.
Pressure level: 1.85 2
Support: 1.66 1.6
🏷️
Matama 24
🏷ARB
Frission, a representative in the Arbitrum ecosystem, proposed a governance proposal that 50% of future remaining sorter fees be used to reward ARB token holders who stake and actively delegate their tokens. The proposal focuses on the growing security of the Arbitrum DAO's treasury, stating that only 10% of ARB is currently actively used for governance and voting participation is also declining, making the treasury a target for potential governance attacks. Frission's proposal aims to incentivize governance participation, enhance the economic security of the DAO, and reduce the risk of treasury attacks.
Cognition Society believes that the layout below "ARB" 1 is carried out in batches
🏷CRV
0.36 is the key pressure point. If it fails, it will repeatedly bottom out around 0.3.
CRV is backed by the main force, and the sharp drop can be watched
🔹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?
