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🔹Reviews from Cognitive Society
Bitcoin's highest rebound point of 63,300 on October 12 is close to the pressure point of 63,000 in yesterday's article.
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.
Bitcoin is consolidating above 63000, 64500 66666 is a strong pressure point.
The alt market is slowly recovering and rebounding. What everyone should pay attention to is that the alt market rebounded for a month in September. If it continues to rebound in mid-to-late October, the bottom of the alt market will slowly form. The stabilization of the alt market does not depend on how much it falls, but on the strength of the rebound.
No matter how much it falls, if the rebound is weak, it is not the bottom.
Bitcoin's support level is 62200. As long as it holds 62200, it is considered strong.
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.
According to Trader T's monitoring, the US spot Bitcoin ETF had a net inflow of US$253 million yesterday.
The U.S. spot Ethereum ETF saw a net outflow of $100,000 yesterday.
According to Farside Investors data, the total net inflow of U.S. Bitcoin spot ETFs this week was $348.5 million, including:
BlackRock IBIT: +$140.6 million
Fidelity FBTC: +$138.2 million
📍Cognition Society Interpretation: American institutions are crazy about buying Bitcoin.
US SEC again postpones decision on spot Ethereum ETF options
According to a document dated October 11, the U.S. SEC has again postponed its decision on spot Ethereum ETF options.
The U.S. Securities and Exchange Commission has delayed a decision on a proposed rule change that would allow the Cboe exchange to list options tied to several popular spot Ethereum ETFs, with the deadline for the agency’s ruling pushed back to Dec. 3 from Oct. 19, the filing said.
📍Interpretation of Cognitive Society: Not enough buying and not enough depth.
Grayscale reveals a list of crypto assets it is considering including in future investment products
Asset management company Grayscale disclosed a list of crypto assets that it will consider including in future Grayscale investment products. This disclosure covers 35 crypto assets. Grayscale updates this list within 15 days after the end of each quarter. As the crypto ecosystem expands, the Grayscale team will review or re-evaluate other assets.
Assets currently under consideration for inclusion include: AERO, AKT, APT, AR, ARB, ATOM, CELO, CORE, DOGE, ENA, FET, HNT, ICP, IMX, INJ, JUP, KAS, MNT, METIS, NEON, OM, ONDO, OP, PENDLE, POL, PYTH, RUNE, SEI, STRK, TIA, TON, TRX, UMA, VET, WLD.
📍In-depth analysis: I didn’t expect Grayscale to be alive again three years later
🔹Summary: Bitcoin 66666 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: 62300 60000
Pressure level: 64000 66000
🏷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: 2490 2520
Support: 2420 2380
🏷️SUN
Weak 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
7.7 is the key support level 8.6 is the resistance level
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: 8.2 8.6
Support: 7.7 7.5
🏷️WIF
2.3 3.2 Pressure level 2.6 2.4 Support level
The highest point of WIF on October 12 was 2.8, which is consistent with the pressure point of 2.8 in the article of Cognitive Society yesterday.
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: 1.8 2
Support level: 1.6 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: 4.65 4.5
🏷️YUP
0.82 important pressure point
🏷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
On Earth, when BNB is around 200, Cognition Society exclusively reminds you to invest in BNB between 210 and 180
Support: 565 560
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.
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?
