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🔹Reviews of Cognitive Society
Bitcoin's highest rebound point on July 14 was 60,300, which is consistent with the pressure point of 60,000 in yesterday's article.
The highest point of Bitcoin's rebound on July 13 was 58,900, which coincides with the pressure point of 59,200 in yesterday's article.
Bitcoin fell back to the lowest point of 56,500 on July 12, close to the support level of 57,000 in yesterday's article
Bitcoin's highest rebound point of 59,700 on July 11 coincides with the pressure point of 60,000 in yesterday's article
Bitcoin's highest rebound point on July 10 was 59,300, which is close to the pressure point of 59,000 in yesterday's article.
Trump's assassination was originally a negative news, but because it was just an ear injury, it brought Musk's support for Trump.
Why is the probability of Trump being elected president high and Bitcoin rising?
Trump is currently very friendly to the crypto industry for votes, and he also holds Ethereum, so if he is elected president, he will be more friendly to the crypto industry. As the world's number one country, if it introduces crypto-friendly laws and policies, it will be of great significance to the healthy long-term development of the industry.
Bitcoin 61400 is a strong pressure point. It is unlikely that the current positive situation will stabilize at 61400, unless it is an Ethereum spot ETF transaction.
The principle of Cognitive Society is still to focus on dips, and when Bitcoin falls, pay attention to Ethereum.
If there is no negative impact, Bitcoin 57,000 can be maintained. If there is negative impact, 55,000 is the key support level.
Although the time of Ethereum spot ETF is constantly postponed, the normal trading of Ethereum spot ETF is usually in July or August. Cognition Society believes that after the Ethereum spot ETF is approved, the cottage should have a big rebound. Therefore, the cottage that is trapped will wait for a big rebound before reducing, unless it rebounds to near the cost recently.
I dare not say where the lowest point is, but whether it is the Ethereum spot ETF or the lower US interest rate cut, it is relatively certain that it is positive. Wait a while, and things will get better slowly.
🔹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.
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According to a forecast published by Trader T on the X platform, after a week of strong selling by the German government, Mt.Gox will be the next strong seller. Mt.Gox should repay a total of 14,100 bitcoins, and the repayment ratio should be no less than 80% before November this year. The repayment discount rate is 89%, so Mt.Gox will sell at most 100,392 BTC before November. Given its dispersed ownership, the possibility of large-scale liquidation is low. According to the worst-case scenario, Mt.Gox will sell 80% of its bitcoins, which may bring $4.62 billion in liquidation pressure.
📍Cognition Society Interpretation: Sell 90,000 Bitcoins in Mentougou as soon as possible to get out of this mess.
thena: USDe supply drops to 3.41 billion
As of July 14, the supply of USDe has dropped to 3.41 billion, and the reserve fund of the stablecoin protocol Ethena is temporarily maintained at US$45.4 million.
📍Interpretation of Cognitive Society: ENA’s stock price will drop the more it works haha
Grayscale GBTC holdings dropped to about 272,600 Bitcoins
📍Interpretation of Cognitive Society: I originally thought that Grayscale would be able to sell almost all of its shares in March, but I didn’t expect that the desire to sell after 270,000 shares would be very low.
🔹Summary: Bitcoin 61500 64000 is a strong pressure point with a high probability of a pullback. Every sharp drop in Bitcoin 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 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: 58800 57000
Pressure level: 61000 64000
🏷Ethereum
The highest 3250 is a bit cowardly........
If the Ethereum spot ETF is traded in August, there is still one month 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: 3250 3300
Support: 3150 3100
🏷LINK
13.7 14.4 is the key pressure point
12 will not break and will hit 13.7 sooner or later
Can fully circulated value coins take off in the future market, especially after the Ethereum spot ETF is approved?
New value, new RWA leader, the plunge can be configured, cognitive society 22 23 years 5 layout LINK
🏷 him
8.4 is the key pressure point
Pressure level: 8.25 8.45
Support level: 8 7.8
🏷️BLUR
0.18 0.2 Pressure
If Binance is not too abnormal, there will be a big rebound at 0.15 and 0.13
🏷OP
Stuck at 1.74..........
Cognition Society was the only one who reminded us to upgrade Cancun when the OP bottom was around 1.3.
Pressure level: 1.75 1.85
Support level: 1.6 1.5
🏷️
Cognitive Society thinks that ENS TON should be replaced by Ethereum at this time
🏷ARB
0.75 can hold for a month
🏷CRV
The key to stabilizing slowly is 0.3 0.36
0.26 0.23 support level
🏷️UN
The lowest level of 1.94 is consistent with the support level of 1.9 in yesterday’s article by Cognitive Society.
2.15 2.25 resistance level 1.9 1.8 support level
🏷️TREES
0.0008 pressure level
0.0007 0.0065 support level
🏷️WIF
The lowest point of 1.55 is consistent with the support point of 1.5 in yesterday's cognitive society article, and the highest point of the rebound of 1.77 is consistent with the pressure point of 1.8 yesterday.
1.6 Support Level 1.8 2 Resistance Level
🏷1000SATS
0.00022 24 pressure level
When 1000SATS rebounds to near the cost, reduce the position, and reduce the proportion of long-term positions after reducing the position. The fluctuation is too large and most people cannot bear it.
🏷1000RATS
0.11 0.15 pressure level
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
5.7 is the key pressure point
Note that NEAR is a bit weak, don’t touch it unless it is at a high position
Cognitive Society is the most optimistic about NEAR on the planet. NEAR1 has been updating frantically. Now NEAR is ranked behind in the article because it has risen too much. Maybe NEAR may reach 40 in the future, and there is not much room for growth.
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: 5.5 5.7
Support level: 5.1 5
🏷️YUP
0.87 is the key pressure point
0.7 is the key support level
Others, wait for more updates
🔹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 advocate the bull market every day?
