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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.

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Bitcoin plunged 60,500 on June 24
Today's copycat performance is a bit interesting. As Bitcoin plummeted to the bottom and then rebounded rapidly, this was the first effort to stabilize the bottom. Because the sharp drop can break through the market's long orders, the main force eats a large number of bloody chips. The rapid rise makes it too late for retail investors to grab long orders, so the main force can eat a certain number of long orders for the first time.
The standard for whether the main force of the copycat has eaten enough is not how much the market plummeted, but the strength of the rebound, which must break through the starting point of the June 18 plunge. Because many people are trapped at the high point of June 18, if they don't get out of the trap, they can't talk about determination at all.

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Bitcoin rebounded from 64,000 to 66,400 in two days on June 20, but a small negative news instantly dropped back to around 64,400.
The apparent reason is a small negative in the US non-farm data. The number of people applying for unemployment benefits was 238,000, while the actual number was 235,000. The apparent reason is that the data affects the timing of the interest rate cut, but in fact it has nothing to do with it.
Problems in the cryptocurrency world:
First: Binance has listed 2 new coins. The water in the pond has not increased, but there are more and more crocodiles every day. On a hot day at noon, fish are dying of thirst. The core reason is not the sun at noon, but the lack of water.

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Bitcoin fluctuated sideways around 64,700 on June 17.
Bitcoin continues to be weak, with no rebound after the sharp drop.
As for the copycat, Cognitive Society is also losing a lot, there is no need to doubt it, this is the conclusion.
From lying flat to falling apart
Waiting for spring with the spot
Today, Sun Ge has also sold his shares. This old man with many years of experience is also a top player with a net worth of tens of billions. He not only has the backend data of the exchange, but also has launched several copycats such as BTT TRX. He can be said to be a top-level main force.

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Bitcoin fluctuated sideways around 66,000 on June 16.
Bitcoin hasn't been this weak for a long time. There was no rebound after the sharp drop.
Therefore, the K-line is a possibility, and the specific surge and plunge is adjusted by the main force with money and chips.
The price of Bitcoin is very awkward, because if the rebound at 65,000 is so weak, then the short-term direction will be re-selected tomorrow or the day after tomorrow, because if the rebound is too weak, it means that this price is not what the main force desires.

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Bitcoin fluctuated sideways around 66,800 on June 14.
As soon as the US spot ETF weakens, Bitcoin will immediately weaken. Bitcoin and the entire crypto market are completely controlled by the US.
Why are 24-year-old alts so fragile and illiquid?
Normally, the liquidity of a bull market is sufficient and the depth of the altcoins is ideal. However, the liquidity of the 24-year bull market comes from the US spot ETF.
For example, the plunge on June 8, everyone just felt it was a plunge, but in fact, this plunge was fatal to quantitative trading, hot money, and small market makers.

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Bitcoin surged 70,000 on June 13 and then plummeted 67,000.
Whether it is CPI data, speech by the Fed Chairman, U.S. interest rate cut dot chart, or U.S. employment data, the U.S. data has played an extremely important role in the crypto industry.
This is what Cognition Society said before: the pricing power of Bitcoin lies with the United States, and its positive and negative effects are the positive and negative effects of Bitcoin.
No one can predict every data in the United States, so many instantaneous rises and falls are also helpless.

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The difference between the highest point of Bitcoin's rebound on June 5, 71,400, and the pressure point of 70,900 in yesterday's article of Cognitive Society
Bitcoin's highest rebound point of 70,000 on June 4 coincides with the pressure point of 70,000 in yesterday's Cognitive Society article
Bitcoin's highest rebound point of 70,200 on June 3 coincides with the pressure point of 70,000 in yesterday's article by Cognition Society
Bitcoin's lowest point on June 2, 67,200, coincides with the support level of 67,000 in yesterday's article.
Bitcoin's lowest point on June 1 was 66,600, which is close to the support level of 67,000 mentioned in yesterday's article.

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#🔹Comments on Cognitive Society
Bitcoin's lowest point on June 2 was 67,200, which is close to the support level of 67,000 mentioned in yesterday's article.
Bitcoin's lowest point on June 1 was 66,600, which is close to the support level of 67,000 mentioned in yesterday's article.
The highest point of Bitcoin's rebound on May 31st was 69,000, which coincides with the pressure point of 69,000 in the article of Cognitive Society yesterday.
Bitcoin's lowest point of 67,100 on May 30 coincides with the support level of 67,200 in yesterday's article.
Bitcoin's lowest point of 67,200 on May 29 coincides with the support level of 67,200 in yesterday's article.

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Bitcoin's lowest point on June 1 was 66,600, which is close to the support level of 67,000 mentioned in yesterday's article.
Bitcoin's highest rebound point of 69,000 on May 31 coincides with the pressure point of 69,000 in yesterday's Cognitive Society article.
Bitcoin's lowest point of 67,100 on May 30 coincides with the support level of 67,200 in yesterday's article.
Bitcoin's lowest point of 67,200 on May 29 coincides with the support level of 67,200 in yesterday's article.
Bitcoin is weak and the market is weak. The oversold rebound of the cottage industry has never formed enough hot spots. The inscription hot spots driven by ORDI are just oversold rebounds, and there is no sustained rise. One reason is that the decline is too deep and cannot be reversed by a rebound.

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Bitcoin's highest rebound point of 69,000 on May 31 coincides with the pressure point of 69,000 in yesterday's Cognitive Society article.
Bitcoin's lowest point of 67,100 on May 30 coincides with the support level of 67,200 in yesterday's article.
Bitcoin's lowest point of 67,200 on May 29 coincides with the support level of 67,200 in yesterday's article.
Bitcoin hit 69,000 and then fell back due to the positive news of PCE in the United States, indicating that the market buying cannot support further rise for the time being, and the buying power of Bitcoin spot ETF is getting smaller and smaller.

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Bitcoin's lowest point of 67,200 on May 29 coincides with the support level of 67,200 in yesterday's article.
The highest rebound of Bitcoin was only 69,000 because the buying volume of Bitcoin spot ETF dropped from 200 million to 45 million, and the purchasing power in the market has not increased.
The expected fluctuation of Bitcoin by 2 points is more important for the crypto industry, how to attract retail investors and how to get them to enter the market.
Because the entry funds of institutions are concentrated in Bitcoin and Ethereum, institutions will not buy any copycats. Most of the purchasing power of copycats comes from retail investors, so the key to the take-off of copycats is the entry of retail investors.

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The highest point of Bitcoin rebound on May 21st was 72,000, which coincides with the pressure point of 72,000 in the article of Cognitive Society yesterday.
On May 20, Bitcoin fell back to the lowest point of 65,800, which coincided with the support level of 65,800 in the article of Cognitive Society yesterday.
It is the expectation of Cognitive Society that Bitcoin will sprint to 72,000. After all, the selling pressure at 68,000 is not great. However, the hot spot in the market on May 21 is not Bitcoin but Ethereum.
In 2023, Cognition Society proposed that Bitcoin spot ETF would be passed in 2024, and Ethereum spot ETF would be passed in the second half of 2024. If the copycat wants to rise 100 times in 2025, then it would be ideal to pass another copycat ETF in 2025, such as SOL UNI LINK.

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On May 19, Bitcoin soared to 67,700, which is a big difference from the pressure point of 68,500 in the article of Cognitive Society yesterday.
Bitcoin is consolidating around 68,000. After a strong rise, the altcoins began to show phases. Cognition Society believes that the altcoins will choose a direction around May 20, because it has been a month and a half since the plunge on April 13. After three daily bottoming out, most altcoins have consolidated sufficiently and should have a direction recently.
The consolidation of Bitcoin at 68,000 is completely supported by the Bitcoin spot ETF. There is no buying in the market, and there is a lack of hot spots and emotions. This contradiction will also begin to determine the direction at 68,000-72,000.

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On May 18, Bitcoin soared to 67,300, which is a big difference from the pressure point of 68,500 in the article of Cognitive Society yesterday.
On May 17, Bitcoin fell back to the lowest point of 64,600 and was close to the support level of 65,000 in the article of Cognitive Society yesterday.
On May 16, Bitcoin surged to 66,800, which coincides with the pressure point of 67,000 in the article of Cognitive Society yesterday.
Although Bitcoin is trapped near 67,000, the decline is a bit scary. It has risen so much, but it only dropped 1 point in one day. This is very exaggerated. The answer can be known from the data of Bitcoin spot ETF:

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The lowest point of Bitcoin on May 13, 60950, is far from the support level of 61500 in yesterday's article.
No update on May 12
The lowest point of Bitcoin on May 11, 60100, is far from the support level of 60600 in yesterday's article.
On May 10, the highest point of Bitcoin rebound was 63,400, which is close to the pressure point of 62,900 in the article of Cognitive Society yesterday.
On May 9, Bitcoin fell back to the lowest point of 60,500 and was close to the support level of 61,000 in yesterday's article.
On May 8, Bitcoin fell back to the lowest point of 61,700, which coincided with the support level of 62,000 in the article of Cognitive Society yesterday.

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The difference between the lowest point of Bitcoin on May 11, 60100, and the support level of 60600 in yesterday's article of Cognitive Society is large
On May 10, the highest point of Bitcoin rebound was 63,400, which is close to the pressure point of 62,900 in the article of Cognitive Society yesterday.
On May 9, Bitcoin fell back to the lowest point of 60,500 and was close to the support level of 61,000 in yesterday's article.
On May 8, Bitcoin fell back to the lowest point of 61,700, which coincided with the support level of 62,000 in the article of Cognitive Society yesterday.
On May 7, Bitcoin fell back to the lowest point of 62700, which coincided with the support level of 62800 in the article of Cognitive Society yesterday.

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On May 9, Bitcoin fell back to the lowest point of 60,500 and was close to the support level of 61,000 in yesterday's article.
On May 8, Bitcoin fell back to the lowest point of 61,700, which coincided with the support level of 62,000 in the article of Cognitive Society yesterday.
On May 7, Bitcoin fell back to the lowest point of 62700, which coincided with the support level of 62800 in the article of Cognitive Society yesterday.
On May 6, Bitcoin fell back to the lowest point of 63,300, which coincided with the support level of 63,000 in the article of Cognitive Society yesterday.
On May 5, Bitcoin fell back to the lowest point of 62,800, which coincided with the support level of 62,500 in the article of Cognitive Society yesterday.