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🔹Reviews of Cognitive Society
Bitcoin's highest rebound point of 63,300 on July 15 is close to the pressure point of 64,000 in yesterday's article
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
This is a bit exaggerated one-sided market, a one-sided rebound after a sharp drop. The consequence of the main force's one-sided control is that you dare to bet on the lowest point, and the decline will continue... If you want to open a position on the right side, it has already risen in one wave.
Trump's participation in the Bitcoin Conference has greatly boosted the cryptocurrency industry, because he is the former president of the United States and is very likely to be the next president. Imagine if the president of the United States supports Bitcoin and the cryptocurrency industry, it will be of great significance to the acceptance of the cryptocurrency industry by the mainstream society, the legalization of the cryptocurrency industry, the long-term development of the cryptocurrency industry, and the introduction of traditional technologies and talents into the cryptocurrency industry.
When some people say that virtual currency is a scam, the US President supports virtual currency
When some people say that virtual currencies are all empty money, the US President supports Bitcoin.
Bitcoin should try to stop rebounding at 64400-66000, because the Ethereum spot ETF will be traded soon. If Bitcoin rushes to the historical high again, it will obviously cause a lack of funds in the market.
The principle of Cognitive Society for 23 and 24 years has been to pay attention to Ethereum when Bitcoin falls. Today, Ethereum is 3380 and the highest point in recent years is 3950, which is a gap of 20. This principle is correct. Of course, the copycat Cognitive Society is also deeply trapped.
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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On July 15, nine U.S. spot Bitcoin ETFs increased their holdings by 4,184 BTC ($263.44 million).
BlackRock increased its holdings by approximately 2,072 bitcoins, worth approximately $130.45 million, and currently holds 316,276 bitcoins, worth approximately $19.91 billion; Grayscale reduced its holdings by 668 bitcoins, worth approximately $42.06 million, and currently holds 272,661 bitcoins, worth approximately $17.17 billion.
U.S. Bitcoin spot ETFs saw net inflows of over $1 billion last week, with trading volume reaching $6.9 billion
According to Trader T's monitoring, the net inflow of US Bitcoin spot ETFs exceeded US$1 billion in the 27th week, and the trading volume reached US$6.9 billion.
It is worth mentioning that in 126 trading days, BlackRock IBIT had only 1 day of net outflow, with an average daily inflow of US$145 million.
📍Interpretation of Cognition Society: The incremental funds of Bitcoin spot ETF are real money entering the market in units of billions of US dollars.
Traders begin betting on a 50 basis point rate cut by the Fed in September
Bond traders are increasing bets that the Federal Reserve will cut interest rates by 50 basis points in September, rather than the standard 25 basis points.
📍Interpretation of Cognition Society: We are already very happy that the interest rate can be cut in September.
BlackRock's assets hit a record high of $10.6 trillion, exceeding the combined assets of Fidelity, CapGroup, Invesco and Franklin.
Eric Balchunas, senior ETF analyst at Bloomberg, disclosed data on the X platform showing that BlackRock’s assets are currently $10.6 trillion, a record high, and have grown by $600 billion this year alone (mostly from market gains and partly from fund inflows). Its assets under management are currently greater than the combined total of Fidelity, CapGroup, Invesco and Franklin.
📍Cognition Society Interpretation: In the second round of the 24-year bull market, Grayscale’s Bitcoin has been sold almost completely, and the rest are incremental funds.
Russia considers allowing major local licensed exchanges to offer digital currency trading services
Russia’s Ministry of Finance has proposed allowing licensed exchanges such as the Moscow Exchange and the St. Petersburg Exchange to offer digital currency trading services to selected qualified investors.
Anatoly Aksakov, chairman of the State Duma Committee on Financial Markets, believes that Russia's largest exchanges are ready to handle cryptocurrency transactions. He stressed that once the legal conditions are established, exchanges should be able to quickly start crypto trading without any problems. (Bitcoin.com)
📍Interpretation of Cognition Society: Russia used to hate the cryptocurrency world the most, and only a few other major countries strongly opposed the cryptocurrency world.
🔹Summary: Bitcoin rebounded strongly to 64,000 and 66,000, and there is a high probability of a pullback. Every plunge 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: 62800 61800
Pressure level: 64000 66000
🏷Ethereum
Previously, the cognitive society said that 3100 Ethereum is not a strong pressure point, the strong point is around 3400
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: 3430 3500
Support: 3300 3250
🏷LINK
14.4 is the key pressure point
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
The battle of 8.8
Pressure level: 8.5 8.8
Support: 8.2 8
🏷️BLUR
Too cowardly to reach 0.2
🏷OP
1.92 2.1 is a strong pressure point
Cognition Society was the only one who reminded us to upgrade Cancun when the OP bottom was around 1.3.
Pressure level: 1.9 2
Support level: 1.7 1.6
🏷️
Cognitive Society thinks that ENS TON should be replaced by Ethereum at this time
🏷ARB
0.75 can hold the market for a month, 0.85 is the strong pressure point
🏷CRV
The key to stabilizing slowly is 0.3 0.36
0.26 0.23 support level
🏷️UN
The highest point of JTO rebound on July 15 was 2.25, which coincides with the pressure point of 2.25 in yesterday's article.
On July 14, the lowest point of JTO was 1.94, which is consistent with the support level of 1.9 in the article of Cognitive Society yesterday.
2.35 2.25 Resistance Level 2.1 2 Support Level
🏷️TREES
0.00085 pressure level key next 0.01
🏷️WIF
1.85 2 pressure level
🏷1000SATS
Strong sprint 0.003 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: 5.7 5.9
Support levels: 5.3 5.1
🏷️YUP
0.89 1 is the key pressure point
🏷BNB
I haven’t updated BNB recently. It’s more of an emotion. The circulation of Binance’s new coins is really disappointing.
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 Levels:
Pressure level: 580 590
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?
