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🔹Reviews from Cognitive Society
Bitcoin rebounded to a high of 69,000 on October 20, which is consistent with the pressure point of 69,000 in the article of Cognition Society yesterday.
No one cares about a one-point fluctuation of Bitcoin, but the sharp rise of DYDX BLUR API3 APE is attractive, because few retail investors hold a large position in Bitcoin, while Ethereum altcoins are the main holdings.
Bitcoin chose a short-term direction on October 21, and will continue to be bullish as long as it does not break 6666.
As long as Bitcoin's weekly MACD holds 66666, it will slowly turn positive. This is very important because in the six months since the May crash, Bitcoin's weekly MACD has the potential to be greater than 0 for the first time.
Cognition Society believes that the core factors affecting the mid-term of Bitcoin are Trump's presidency and the intensity of the US interest rate cuts. As long as Trump is the US president, the crypto industry should have a round of surge. Of course, if... a sharp drop
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.
Analysis: The number of ETH holdings in Ethereum accumulation addresses exceeds 19 million, an increase of 65% from the beginning of the year
On October 20, CryptoQuant writer Burakkesmeci wrote that as of October 18, 2024, the number of ETH held by Ethereum accumulation addresses exceeded 19 million.
Burakkesmeci expects these addresses to hold more than 20 million ETH by the end of the year. At that time, the price of Ethereum will be around $4,000, and the total value will exceed $80 billion, which will be comparable to the market capitalization of some of the world's largest companies.
📍Interpretation of Cognitive Society: Ethereum has a huge number of users, but unfortunately there are no phenomenal products.
Uniswap founder: Unichain testnet deployed more than 420,000 smart contracts in the first week
Uniswap founder Hayden Adams said in a post on X: “Unichain will develop rapidly. Does anyone care whether the developer community is being established? (No doubt), 420,000 smart contracts were deployed in the first week of the test network.”
📍Interpretation of Cognitive Society: Cognitive Society also does not understand why UNI fell despite such a big positive news....
ApeChain provides automatic income model for ApeCoin holders
On October 20, ApeCoin published a statement on X stating that through the Automatic Yield Mode, users holding ApeCoin on ApeChain do not need to continuously claim/stake their tokens to increase their income.
This mode is the default mode for all EOAs, and each block automatically receives revenue. Without manual intervention, the APE balance of the address increases according to the revenue received for each block.
📍In-depth interpretation: A large number of copycats are needed to make a profit.
🔹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 indeed the highest point............Only by standing firm at 2720 can we be strong
A sharp drop in Ethereum is an opportunity to enter the market
Deploying Ethereum is the core strategy.
Pressure level: 2720 2800
Support: 2630 2570
🏷️SUN
Weak is not good 162 is the first pressure
🏷LINK
11.7 is friction, 13 is strong pressure position
New value, new RWA leader, the plunge can be configured, cognitive society 22 23 years 5 layout LINK
🏷 him
....
Cognition Society believes that if UNI wants to take off, it needs to repurchase tokens with profits and then destroy them.
Pressure level: 7.8 8
Support: 7.4 7.2
🏷️WIF
2.45 2.2 is the key support level 2.7 2.9 is the pressure level
🏷️BLUR
Finally 0.29
The strong pressure level is 0.32
🏷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: 1.64 1.55
🏷CRV
0.31 0.36 is the key pressure point
🏷️UN
2.5 2.7 Pressure Level 2.1 Support Level
🏷️TREES
0.0083 is the key support level, everyone is strong BOME fell
🏷1000SATS
0.0003 is the key pressure level and 0.00025 is the important support level.
Extremely volatile, strictly control positions
🏷1000RATS
0.015 18 is a strong pressure point
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
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
0.95 is the key 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: 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?
