Daily high-quality updates, spend your precious two seconds 👆 click to follow and don’t get lost
🔹Reviews of Cognitive Society
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.
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.
Yesterday’s article by Cognition Society clearly stated: As long as Bitcoin holds 65,700, Cognition Society believes that it will repeatedly rush to around 70,000.
On June 3, Bitcoin hit 70,000 as expected. Unfortunately, due to the panic in the market caused by the sudden return of many blue-chip stocks in the United States to zero, Bitcoin and Ethereum plummeted. Normally, it is due to technical problems of the exchange. After all, the earth is still there, the United States is still there, and the value is still there. Buffett's company has no foundation to return to zero.
Cognition Society believes that the sharp drop in Bitcoin and Ethereum is an opportunity, because it is not a problem with the fundamentals, nor is it a problem with the US stock market, nor is it a negative policy introduced by the US, nor is it a rebound in US inflation, nor is it a crackdown on the crypto industry by the US.
Cognition Society still believes that Bitcoin will hold 65,700 and repeatedly hit 70,000.
If ENA has a chance to be around 0.83, TNSR 1.1 and SAGA 2.5 are all good opportunities. Although there may not be any chance, there should be an oversold rebound around W 0.6 and PYTH 0.42.
Ethereum is in the vicinity of 3700 and 3500, which are both areas of sharp decline.
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.
Pay attention to Ethereum when it is low, and the Ethereum ecosystem is the core strategy.
🔹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.
——————————————
EthCC[7] will be held in Brussels, Belgium in July, with topics including L3, RWA, re-staking, etc.
EthCC[7] (Ethereum Community Conference) will be held in Brussels, Belgium from July 8 to 11, 2024. EthCC[7] will gather more than 300 speakers from all over the world, and key topics on the agenda include account abstraction, interoperability, RWA, the rise of L3, and re-staking. (Decrypt)
📍Interpretation of Cognitive Society: Ether has been working hard
More than 2 million addresses accumulated 1.1 million BTC in the price range of $66,900 to $68,900
According to IntoTheBlock, more than 2 million addresses accumulated a total of 1.1 million BTC in the price range of $66,900 to $68,900.
📍Cognition Society Interpretation: The chips of Bitcoin near 60,000 are very huge.
Since the SEC approved the Ethereum spot ETF, $3 billion of ETH has flowed out of CEX
CryptoQuant data shows that from May 23, when the SEC approved the Ethereum spot ETF's 19b-4 filing, to June 2, CEX's Ethereum reserves have decreased by 797,000, worth approximately US$3.02 billion.
Meanwhile, Glassnode data shows that the percentage of ETH’s circulating supply held by CEXs is at its lowest level in years, at just 10.6%.
📍Cognition Society Interpretation: There are major players buying the bottom of Ethereum.
Bitcoin rises with stocks as market anticipates ECB rate cut this week
Major European and British stock indexes rose on Monday. London's FTSE 100 index rose 13.48 points to 8,288.86 in early trading. The European Stoxx 600 index rose, up 0.44% on the day to 520.44. Bitcoin prices rose more than 2.25% in the past day, trading at $69,035 at 7:15 a.m. ET. Jag Kooner, head of derivatives at Bitfinex, said that under economic pressure, Bitcoin often reflects stock market trends as investors liquidate assets, and in a stimulus-driven, low-interest environment, Bitcoin may benefit along with stocks due to increased liquidity. Jag Kooner added that Bitcoin is also seen as a hedge against inflation, and if the European Central Bank's rate cuts lead to rising inflation expectations, then Bitcoin may attract more investment because it has been seen as "digital gold."
📍Interpretation of Cognitive Society: Although the impact of Europe is not great, it is also a good thing.
🔹Summary: Bitcoin will repeatedly hit 70,000 without breaking 65,700. Every time Bitcoin falls back, 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 bottom. At present, it is likely that April 14th is the historical bottom area. Bitcoin 56500 is likely to be the bottom area;
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;
🔹June 4 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: 67800 66000
Pressure level: 69900 72500
🏷Ethereum
Still stuck around 3850
If the Ethereum spot ETF is traded in August, there are still 2 months left
Focus for the next six months
A sharp drop is an opportunity to enter the market
Deploying Ethereum is the core strategy
The highest point of Ethereum's rebound on June 3 was 3854, which coincides with the pressure point of 3860 in the article of Cognitive Society yesterday.
On June 2, the highest point of Ethereum rebound was 3838, which was close to the pressure point of 3860 mentioned in yesterday’s article.
The highest point of Ethereum's rebound on June 1, 3810, coincides with the pressure point of 3810 in yesterday's Cognitive Society article.
The highest point of Ethereum's rebound on May 31st was 3854, which is consistent with the pressure point of 3860 in the article of Cognitive Society yesterday.
On May 30, Ethereum fell back to 3705, which coincided with the support level of 3700 in the article of Cognitive Society yesterday.
Pressure level: 3850 3900
Support: 3760 3700
🏷LINK
17 and 19.2 boxes, see where to break through
19.2 is the key pressure point
17 is the key support level. If it does not break 17, there is still hope for a rebound.
New value, new RWA leader, the plunge can be configured, cognitive society 22 23 years 5 layout LINK
🏷 him
10 11 Pressure level
Support: 9.2 8.8
🏷️BLUR
0.43 0.45 pressure level
Cognitive Society reminds you at the top of BLUR 0.8 and starts to update again at 0.4
Support: 0.4 0.38
Cognition Society believes that BLUR's sharp drop can be used to allocate some long-term investments in batches
🏷OP
I really don’t understand why it’s so weak.
Cognition Society was the only one who reminded us to upgrade Cancun when the OP bottom was around 1.3.
Pressure level: 2.55 2.7
Support level: 2.4 2.3
🏷️
27 is the short-term pressure level
24 is the key support level
🏷ARB
1.1 1 support level
1.26 is the fifth highest point
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
🏷️TNSR
Sure enough, it is stuck near 1.5. If it does not break 1.25, it will repeatedly rush to 1.4.
To take off, you need to stand firm 1.5
🏷️SUN
SUN
Continue to be bullish unless SOL breaks 160
🏷️WIF
If 3 is not broken, the price will surge sooner or later. 3.55 is the short-term pressure level. 4 is the strong pressure level.
On June 3, the lowest WIF level was 3.07, which is consistent with the support level 3 in the article of Cognitive Society yesterday.
The lowest WIF level of 3.15 on June 2 coincides with the support level of 3.2 in yesterday’s article of Cognitive Society.
The lowest WIF level of 3.15 on June 1 coincides with the support level of 3.1 in yesterday’s Cognitive Society article.
On May 30, the lowest WIF level was 3.33, which coincided with the support level of 3.4 in yesterday’s Cognitive Society article.
WIF3.5 3.8 Pressure Level 3.2 3 Support Level
🏷️TREES
If it doesn't break 0.0118, it will hit 0.015 sooner or later.
On June 3, BOME’s lowest point was 0.013, which coincided with the support level of 0.013 in yesterday’s Cognitive Society article.
On June 2, BOME's lowest price of 0.013 coincided with the support level of 0.013 in yesterday's Cognitive Society article.
On June 1, BOME’s lowest point was 0.013, which coincides with the support level of 0.013 in yesterday’s Cognitive Society article.
On May 30, BOME’s lowest point was 0.0133, which coincides with the support level of 0.013 in yesterday’s Cognitive Society article.
On May 29, BOME's highest point was 0.016, which coincided with the pressure point of 0.0165 in yesterday's article by Cognitive Society.
On May 28, BOME’s highest point was 0.0155, which coincides with the pressure point of 0.016 in yesterday’s Cognitive Society article.
On May 27, BOME’s highest point of 0.0145 coincided with the pressure point of 0.015 in yesterday’s Cognitive Society article.
On May 26, BOME’s highest point of 0.0133 coincided with the pressure point of 0.0135 in yesterday’s Cognitive Society article.
On May 25, BOME’s lowest point was 0.012, which coincided with the support level in yesterday’s Cognitive Society article.
Bome resistance level 0.014 0.015 Support level 0.013 0.012
🏷️YUP
If you want to choose a direction, you need to see where 1.08 and 1.2 will break through.
Hold 1.08 and look bullish.
The highest JUP on May 28 was 1.18, which coincides with the pressure point of 1.2 in yesterday’s Cognitive Society article.
The lowest JUP level of 1.08 on May 27 coincides with the support level of 1.08 in yesterday’s Cognitive Society article.
The highest JUP on May 26 was 1.18, which coincides with the pressure point of 1.2 in yesterday’s Cognitive Society article.
The lowest JUP level of 1.08 on May 25 coincides with the support level of 1.08 in yesterday’s Cognitive Society article.
JUp resistance level 1.17 1.27 support level 1.06 1
🏷️UN
It's OK if it doesn't break 3.4, but it breaks the weakness.
On June 3, the lowest JTO was 3.4, which was consistent with the 3.43 expected by the Cognitive Society yesterday.
On June 2, the lowest JTO was 3.4, which was consistent with the 3.43 expected by the Cognitive Society yesterday.
On June 1, the lowest JTO was 3.4, which was consistent with the 3.43 expected by the Cognitive Society yesterday.
On May 30, JTO's highest point of 4 coincided with yesterday's cognitive pressure point of 4
On May 28, the lowest JTO was 3.37, which was consistent with the 3.3 expected by the Cognitive Society yesterday.
On May 27, the lowest price of Jto was 3.5, which is consistent with the support level of 3.5 in the article of Cognitive Society yesterday.
On May 26, the lowest level of Jto was 3.5, which is consistent with the support level of 3.5 in the article of Cognitive Society yesterday.
On May 25, the lowest price of Jto was 3.5, which is consistent with the support level of 3.5 in the article of Cognitive Society yesterday.
JTO resistance level 3.7 3.8 3.4 3.15 support level
🏷 AI
It is expected to be stuck at 1.23. If it does not break 1.1, there is still a chance.
You can invest regularly if the market drops sharply
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
🏷NEAR
7.5 7.9 is a strong pressure point
7 and 6.6 are very important support levels
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: 7.45 7.6
Support: 7.1 6.9
🏷NFP
0.6 is a strong pressure point
0.53 0.5 key support level
Support: 0.53 0.5
Pressure level: 0.6 0.63
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.
🏷BNB
The surge was caused by the surge in Binance's new coins
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: 610 600
Pressure level: 640 660
🏷1000SATS
Lying flat 0.35 0.4 The pressure is very strong
Reduce positions near the cost of 1000SATS, and reduce the proportion of long-term positions after reducing positions. The fluctuation is too large and most people can't stand it.
🏷1000RATS
Lying flat 0.18 is the key pressure point
Reduce positions near the cost of 1000RATS, and reduce the proportion of long-term positions after reducing positions. The fluctuation is too large and most people can't stand it.
🏷DYDX
Too weak 2.5 is the key pressure point
Every time DYDX plummets, you should allocate some and pay attention to it. The new batch of coins that Cognitive Society pays attention to in the long term
Cognitive Society is very optimistic about the future and value of DYDX, which can be followed in batches
🏷CRV
0.5 and 0.55 pressure levels
🔹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?