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🔹Reviews from Cognitive Society
Bitcoin's lowest point of 66,400 on October 22 coincides with the support level of 66,000 in yesterday's article by Cognition Society.
The pressure level of Bitcoin rebound is 68,000-70,000. The selling pressure at 68,000 is not big. The selling pressure at 70,000 is average. The real strong pressure level is actually 73,000.
Because many air forces will be stuck near the previous high and look bearish.
66600 is still a short-term cooperative support level, but when too many people get stuck here to enter the market, the main force will maliciously drop sharply to stop loss, so
65500 63000 is a very important support level.
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.
US spot Bitcoin ETFs saw a net inflow of $297.6 million yesterday
According to data from Tree News and Farside Investors, the U.S. spot Bitcoin ETF had a net inflow of US$297.6 million yesterday, marking seven consecutive trading days of net inflows.
US spot Ethereum ETF had a net outflow of $20.82 million yesterday
According to TraderT monitoring, the US spot Ethereum ETF had a net outflow of US$20.82 million yesterday.
📍Cognition Society Interpretation: American institutions are crazy about buying Bitcoin, but not enthusiastic enough about Ethereum.
The U.S. SEC approved the listing and trading of multiple Bitcoin ETF options, with a one-way position limit of 25,000 contracts
The U.S. Securities and Exchange Commission (SEC) approved Cboe Exchange and NYSE American Exchange to list multiple Bitcoin ETF options products. Cboe was approved to list options for Fidelity Wise Origin Bitcoin Fund (FBTC) and ARK 21Shares Bitcoin ETF (ARKB); NYSE American was approved to list options for Grayscale Bitcoin Trust ETF (GBTC), Grayscale Bitcoin Mini Trust (BTC) and Bitwise Bitcoin ETF (BITB). Previously, the SEC had approved options trading for iShares Bitcoin Trust (IBIT) under BlackRock.
According to the documents, the two exchanges set the unilateral position limit for each Bitcoin ETF option at 25,000 contracts, which is lower than other ETF option products. As of August 30, 2024, GBTC has issued approximately 367 million shares with a market value of over US$13.4 billion; BITB has issued approximately 68.7 million shares; FBTC has issued more than 201 million shares, with a 6-month trading volume of more than 1.1 billion shares; ARKB has issued approximately 45.5 million shares, with a 6-month trading volume of more than 297 million shares.
📍Interpretation of Cognition Society: The significance of options is to hedge against the suppression of futures and make the market more balanced.
Uniswap Labs launches Unichain without unanimous consent from UNI token holders
One of the largest holders of the UNI token has raised questions about Uniswap’s decentralization and backroom dealings, specifically its rhetoric of a series of changes justified by “efficiency” and possible undisclosed financial interests between Uniswap Labs and another blockchain, Optimism. Billy Gao, head of governance at Stanford Blockchain Club at Stanford University (a representative entrusted by thousands of individuals to hold UNI governance tokens), published a 22-post complaint about Uniswap’s sudden decision to launch its own blockchain, cancel a proposed fee switching mechanism that would have benefited UNI holders, and bypass the DAO that ostensibly governs Uniswap.
📍In-depth analysis: UNI needs to repurchase tokens with profits and then destroy them.
dYdX founder returns to CEO position, says he will "completely restart" project operations
Antonio Juliano, founder of dYdX, announced his return to the CEO position five months after leaving the company. In a conversation with Empire co-host Jason Yanowitz, he said: "After a period of reflection, I now have a very clear idea of what we need to do. I'm basically going to restart everything and run the company again in founder mode."
According to DeFiLlama data, in October last year, the trading volume of DEX perpetual contracts was $33 billion, of which dYdX accounted for 80% of the market share. In September this year, the total trading volume of DEX perpetual contracts increased to $135 billion, but dYdX's trading volume on Ethereum and Cosmos application chains accounted for less than 7%.
📍In-depth analysis: DYDX tokens need empowerment.
🔹Summary: Bitcoin 65500 63000 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: 66000 64000
Pressure level: 68000 69000
🏷Ethereum
The lowest 2606 is too weak as expected
A sharp drop in Ethereum is an opportunity to enter the market
Deploying Ethereum is the core strategy.
Pressure level: 2670 2720
Support: 2610 2570
🏷️SUN
160 support level 170 180 resistance level
🏷LINK
13 is a strong pressure point
New value, new RWA leader, the plunge can be configured, cognitive society 22 23 years 5 layout LINK
🏷 him
There is a wave of good news, but it is really too cowardly, speechless, short-term highs are reduced
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 8.5
Support: 7.7 7.5
🏷️WIF
There is a big rebound if the price around 2.4 is not broken. If the price around 2.2 is broken, there will be a big rebound.
🏷️BLUR
0.29 is suppressed, 0.24 is the core support level
🏷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: 1.8 2
Support level: 1.6 1.5
🏷CRV
0.31 0.36 is the key pressure point
0.25 is the key support level
🏷️UN
2.3 2.4 Pressure level 2.1 Support level
🏷️TREES
0.0083 is the key support level. If it does not break, continue to be bullish. If it breaks, it will be a scam.
🏷1000SATS
0.0003 is indeed the highest point, 0.00025 is an 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
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: 4.8 5
Support: 4.5 4.4
🏷️YUP
Continue to be bullish if 0.94 is not broken
🏷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
610 640 is a strong pressure point
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?
