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🔹Reviews from Cognitive Society
Bitcoin's highest rebound point of 62,300 on October 11 coincides with the pressure point of 63,000 in yesterday's article.
Bitcoin's sharp drop to a low of 60,200 on October 10 coincides with the support level of 60,000 in yesterday's article.
The market believes that the CPI data is bearish. Cognition News exclusively analyzes the significance of the CPI data. Bitcoin's support near 60,000 is still a strong rebound.
Currently 63000 is the key for short-term, 64500 66666 is a strong pressure point.
Bitcoin's daily line on October 11 is likely to be a golden needle bottoming out, indicating that the bottom-fishing power near 60,000 in the cognitive society is very important and consistent. The interest rate cuts in November and December are expected, and the specific rate cuts are 25 points to 50 points.
The liquidity of the market will gradually increase after December, and coupled with the certainty after the US election, people still believe that the market will gradually get better.
Cognitive News Interpretation
US spot Bitcoin ETF had a net outflow of $81.1 million yesterday
US spot Ethereum ETF had a net inflow of $3.27 million yesterday
📍Interpretation of Cognition Society: It is rare for Ethereum ETF to have incremental funds.
South Korea May Soon Allow Bitcoin Spot ETFs
South Korea’s Financial Services Commission (FSC) is set to take important steps to shape the country’s cryptocurrency landscape. This includes discussions on allowing Bitcoin spot exchange-traded funds (ETFs) and letting companies open accounts on cryptocurrency exchanges, according to Cryptoquant founder Ki Young Ju.
📍Interpretation of Cognitive Society: If it passes, it will definitely be a big positive, after all, it will be an incremental fund.
Michael Saylor: MicroStrategy aims to become the leading Bitcoin bank
In a recent interview with analysts at research and brokerage firm Bernstein, MicroStrategy founder and executive chairman Michael Saylor said the company’s ultimate goal is to become the leading Bitcoin bank.
Michael Saylor believes that Bitcoin is a revolutionary form of digital capital that can effectively hedge against inflation and become an excellent tool for long-term value storage. Saylor believes that Bitcoin's volatility attracts investors seeking high returns, and over time it will become an indispensable asset in institutional and retail portfolios. Saylor sees MicroStrategy as a Bitcoin bank, whose core business is to create Bitcoin capital market instruments covering stocks, convertible bonds, fixed income and preferred stocks. Instead of lending money like traditional banks, MicroStrategy seeks to borrow funds at low rates, offer lenders slightly higher rates, and invest these funds in Bitcoin - the "base case" estimates an average annual return of 29%.
📍In-depth analysis: Bitcoin is becoming more and more accepted.
🔹Summary: Bitcoin 63000 64500 pressure level, every Bitcoin plunge is an opportunity for Ethereum to enter the market
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 level: 61000 60000
Pressure level: 63000 64500
🏷Ethereum
The key to whether the double bottom of 2330 on the daily line is effective is to stand firmly at 2530
A sharp drop in Ethereum is an opportunity to enter the market
Deploying Ethereum is the core strategy.
Pressure level: 2460 2520
Support: 2400 2360
🏷️SUN
Weak is not good 152 pressure level
🏷LINK
10 is an important support level 11.7 is a key resistance level
New value, new RWA leader, the plunge can be configured, cognitive society 22 23 years 5 layout LINK
🏷 him
Cognition Society believes that the value ranking of crypto industry projects is: Bitcoin Ethereum UNI SOL XRP
Cognition Society believes that if UNI wants to take off, it needs to repurchase tokens with profits and then destroy them.
Pressure level: 8.3 8.6
Support: 7.7 7.5
🏷️WIF
The lowest point of WIF on October 11 was 2.28, which coincides with the support level of yesterday’s article from Cognitive Society. 2.8 is the key pressure level
🏷️BLUR
0.24 is the key pressure point
🏷OP
1.4 is the key support level 1.9 is the key resistance level
Cognition Society believes that OP around 1.2 is still worth considering
Pressure level: 1.7 1.8
Support: 1.58 1.5
🏷CRV
0.255 Struggle
🏷️UN
1.8 1.6 is an important support level 2 2.2 is a pressure level
🏷️TREES
0.0068 is the short-term pressure level 0.00058 is the important support level
🏷1000SATS
0.0003 is the key pressure level and 0.00025 is the important support level.
Extremely volatile, strictly control positions
🏷1000RATS
0.01 is the key support 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
4.4 is indeed the lowest point. The key to whether the double bottom of 4.4 can be broken is 5.4
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: 4.9 5.2
Support: 4.55 4.4
🏷️YUP
0.72 0.66 is an important support level 0.82 is an important resistance level
🏷AI and NFP
The decline is too deep. It’s not that we won’t update, but we can only wait.
If you want to be strong, you need to stand firm at 0.65
🏷BNB
The lowest point of 550 coincides with the support level of 555 in yesterday’s article
BNB's weekly double top risk
On Earth, when BNB is around 200, Cognition Society exclusively reminds you to invest in BNB between 210 and 180
Support: 562 555
Pressure level: 575 585
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.
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 advocate the bull market every day?
