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🔹Reviews from Cognitive Society
Bitcoin rebounded to a high of 69,000 on October 19 and there is a big discrepancy between the pressure point of 70,000 in yesterday’s article by Cognition Society
Bitcoin's highest rebound point of 68,500 on October 18 coincides with the pressure point of 68,200 in yesterday's article by Cognition Society.
Bitcoin 69,000 triggered a four-hour top divergence. This level of top divergence will continue to be bullish if it falls back to 66,600. The ideal way to play is for Bitcoin to consolidate from 66,600 to 70,000, with repeated top divergences and sharp drops, and use sideways fluctuations to consolidate.
Bitcoin's strong sideways fluctuations have not changed, and Ethereum's weak consolidation has not changed. It is really weak that it has not been able to stand firm at 2720. The cottage industry still has not seen a surge in the general level. The most important reason is that Ethereum is weak and lacks a leader and hot spots.
Bitcoin is at a critical pressure point around 71,000. Whether it can attract altcoins to follow suit is the key.
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.
This week, the U.S. spot Bitcoin ETF increased its holdings by a total of 32,370 BTC, while the output of Bitcoin this week was only 2,250.
US spot Bitcoin ETFs saw a net inflow of $273 million yesterday
US spot Ethereum ETF had a net inflow of $1.91 million yesterday
📍Cognition Society Interpretation: Ethereum ETF buying is still not enough, Bitcoin is going crazy.
Fortune: Musk once again called for DOGE in his speech in Pennsylvania on Thursday
According to foreign media reports, Musk once again "called out" Dogecoin (DOGE) during a speech in Pennsylvania on Thursday to promote Donald Trump's presidential campaign, causing the price of the meme coin to surge 15% in 24 hours. During the speech, an audience member asked Musk about Trump's promise to appoint him to lead the "Government Efficiency Commission" in the future. Musk replied: "Yes, Dogecoin (D.O.G.E.)."
📍Interpretation of Cognition Society: An industry cannot go far or long by relying on meme coins and shouting orders. What is needed is technological revolution and progress.
The creator of the U.S. Treasury Volatility Index: The bond market will be in turmoil after the U.S. election
U.S. bond investors are bracing for what could be historic swings in yields in the days after the Nov. 5 U.S. presidential election, according to the creator of a decades-old volatility gauge. Harley Bassman, who created the MOVE Index, a gauge of expected Treasury market volatility, in 1994, said options prices are indicating a move of about 18 basis points in Treasury yields across maturities after the election. Over the next one-month rolling cycle, the expected daily move is 6 basis points, he said. While moves of that magnitude have occurred several times in recent years, particularly in 2022 and 2023 as the Federal Reserve raises interest rates, Bassman said it is unusual for the options index to predict such moves.
📍Cognition Society Interpretation: The US President will experience huge fluctuations.
🔹Summary: Bitcoin 71000 is the key pressure point, 66500 64600 support 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: 67400 66400
Pressure level: 69000 71500
🏷Ethereum
2720 is the key resistance level 2570 2530 is the key support level
A sharp drop in Ethereum is an opportunity to enter the market
Deploying Ethereum is the core strategy.
Pressure level: 2680 2730
Support: 2600 2570
🏷️SUN
Weak is not good 162 is the first pressure
🏷LINK
11.7 is the key resistance level, too weak 10.4 is the key support level
New value, new RWA leader, the plunge can be configured, cognitive society 22 23 years 5 layout LINK
🏷 him
According to DefiLlama data, as of October 19, Uniswap front-end transaction fees (revenue) reached US$82.05 million.
Cognition Society believes that if UNI wants to take off, it needs to repurchase tokens with profits and then destroy them.
Pressure level: 7.6 8
Support: 7.2 6.8
🏷️WIF
2.45 2.2 is the key support level 2.7 2.9 is the pressure level
🏷️BLUR
Want to stand firmly at 0.26
🏷OP
Cognition Society itself does not understand why OP did not stand firm in such a good market.
Cognition Society believes that OP around 1.2 is still worth considering
Pressure level: 1.85 2
Support level: 1.6 1.5
🏷CRV
0.255 is struggling, 0.3 is the key pressure point
🏷️UN
2.1 1.9 is the support level
🏷️TREES
0.0083 is indeed the lowest point, and 0.011 is the key pressure point
🏷1000SATS
0.0003 is the key pressure level and 0.00025 is the important support level.
Extremely volatile, strictly control positions
🏷1000RATS
0.011 is the key support level
1000RATS rebounds to near cost and reduces position. After reducing position, reduce the proportion of long-term position. The fluctuation is too big and most people can't stand it.
🏷NEAR
4.4 is the key support level
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 5.2
Support: 4.6 4.4
🏷️YUP
0.81 is the key support level and 0.91 is the 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
On Earth, when BNB is around 200, Cognition Society exclusively reminds you to invest in BNB between 210 and 180
Support: 585 580
Pressure level: 610 620
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 seen those people who promote the bull market every day? Are they still there?
