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🔹Reviews from Cognitive Society
The highest point of Bitcoin's rebound on October 24, 68,000, coincides with the support level of 67,700 mentioned in yesterday's article by Cognitive Society.
Bitcoin's lowest point of 66,000 on October 23 coincides with the support level of 66,000 in yesterday's article by Cognition 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.
Cognition Society is the only analyst on the planet who can explain to you why the core support level of Bitcoin is around 66,000, but the actual support level is around 65,000. Trading should be considered from the perspective of the main force, and the main force also needs to consider the profit and stop loss.
Whether the support at 65,000 is meaningful fundamentally depends on rebounding and stabilizing at 68,000.
Bitcoin's sharp decline has not yet damaged the weekly MACD value turning positive, which is very important. It shows that the buying power at 65,000 is still strong; as long as there are no negative news, there should still be hope.
65,000 and 62,200 are important support levels for Bitcoin's sharp decline.
Cognitive Society believes that the core factors affecting Bitcoin's mid-term are Trump's presidency and the U.S. interest rate cuts. As long as Trump is president, the crypto industry should see a round of major surges; of course, unless... a sharp decline.
Market liquidity will gradually increase after December, coupled with the certainty post-U.S. elections; Cognitive Society still believes the market will gradually improve.
The U.S. spot Bitcoin ETF saw a net inflow of $190.68 million yesterday.
The U.S. spot Ethereum ETF saw a net inflow of $1.26 million yesterday.
📍 Cognitive Society interpretation: The price of Bitcoin depends entirely on Bitcoin spot ET.
As of 2024, Bitcoin and Ethereum ETFs occupy six of the top ten ETFs by inflow.
ETFStore President Nate Geraci disclosed on platform X that 575 ETF products have been launched so far in 2024, and Bitcoin and Ethereum ETFs occupy 14 of the top 30 by inflow; in the top 10, they occupy six spots.
📍 Cognitive Society interpretation: Ethereum needs time, technology, and users to grow.
The number of initial jobless claims in the U.S. last week was 227,000, lower than market expectations.
The number of initial jobless claims in the U.S. last week was 227,000, estimated at 242,000, and the previous value was 241,000.
📍 Cognitive Society interpretation: The risk of recession in the U.S. economy has decreased.
🔹 Summary: Bitcoin 65,800 62,200 support levels, 68,000 70,000 are resistance levels; every sharp decline in Bitcoin is an entry opportunity for Ethereum.
Starting from May 2024 is the mid-term bull market for Bitcoin and Ethereum. Every crash is an opportunity; long-term K-line research should focus on Ethereum, followed by UNI, OP, NEAR, BLUR, and LINK.
🔹 Short-term data.
Disclaimer: The K-line data analysis provided by Cognitive Society is based on data analysis and does not represent any stance, nor has it received any money from project parties.
🏷 Bitcoin
Support levels: 66,000 62,200
Resistance levels: 68100 69600
🏷 Ethereum
Abnormally weak.
Ethereum's sharp declines are always entry opportunities.
Setting up Ethereum is a core strategy.
Resistance levels: 2600 2660
Support levels: 2500 2400
🏷 SOL
Bouncing back to the lowest point at 160 indicates that SOL is slowly becoming stronger; please pay attention to SOL's strength. The key resistance levels ahead are 185 and 195.
🏷 LINK
10.8 is the lowest point with an expected 12.2 13 as resistance levels.
New value, new RWA leader. A sharp decline can be configured; Cognitive Society laid out LINK in May 22-23.
🏷 Uni
To be strong, it must stabilize at 8.8.
Cognitive Society believes that UNI needs to buy back tokens with profits and then burn them to take off.
Resistance levels: 8.2 8.
Support levels: 7.8 7.6
🏷 WIF
2.3 is within the expected range; 2.6 2.8 are resistance levels.
🏷 BLUR
0.26 0.28 resistance levels
🏷 OP
Cognitive Society itself does not understand why such a good market has OP not stabilizing at 2.
Cognitive Society believes that OP around 1.2 can still be considered.
Resistance levels: 1.8 2.
Support levels: 1.6 1.5
🏷 CRV
Around 0.25 contention.
🏷 JTO
To be strong, it needs to stabilize at 2.5; pay attention to SOL's strengthening correlation.
🏷 BOME
0.0083 is the lowest point for a surge; 0.011 is key; to be strong, it must stabilize.
🏷 1000 SATS
Be cautious of continuous decline; 0.00024 is an important support level.
Extreme volatility; control your position severely.
🏷 1000 RATS
0.011 is a key support level.
When 1000 RATS rebounds to near cost, reduce positions; after reducing, lower the long-term position ratio. Volatility is too great; most people cannot handle it.
🏷 NEAR
Third time at 4.4.
When NEAR's price was around 1 in 2023, Cognitive Society uniquely reminded to dollar-cost average from 1.3 to 1.
Resistance levels: 4.8 5.
Support levels: 4.5 4.4
🏷 JUP
0.94 indeed is the lowest point, but 1.1 is a strong resistance level.
🏷 AI and NFP
Falling too deep; it's not that there's no update, it's just a matter of waiting.
To be strong, it must stabilize at 0.65.
🏷 BNB
610 640 are strong resistance levels.
On Earth, when BNB was around 200, Cognitive Society uniquely reminded to dollar-cost average from BNB 210 to 180.
Support levels: 570 560
Resistance levels: 600 610
Others are waiting for more rebounds to update.
🔹 Cognitive attitude towards making money.
Cognitive society does not like hindsight.
Doesn't like to hype with those KOLs who claim to have made money.
If someone in the crypto circle could profit from every coin's rise and fall...
Leveraging for a year doesn't mean earning 10 billion.
But the second-largest exchange on Earth is watching the manipulators control the market and has only lost tens of billions to go bankrupt.
Form your own trading system, earn money within your cognitive range; don't fantasize about profiting from every rise and fall daily, and certainly don't fantasize about profiting from every coin's rise and fall. Such a person does not exist on Earth, nor does such an institution. If such an institution existed, the exchange FTX, which observes the main force's background, would not have collapsed.
Desire and ability are mismatched.
The heart can never be at peace.
How can you hold onto coins if your heart is not at peace?
Many people always like to rely on others' promises and guarantees to hold onto coins during a sharp decline.
Banks can go bankrupt; even some major currencies can fail. Evergrande and Zhongzhi's tens of trillions have gone bankrupt.
Do you think promises of returns from people in such a high-risk crypto industry are trustworthy?
Just empty talk from charlatans; have you seen those who promoted the bull market still around during real crashes and bear markets?
