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🔹Reviews of Cognitive Society
On April 9, Bitcoin fell back to the lowest point of 69,500, which coincided with the support level of 70,000 mentioned in yesterday's article.
The key support level of Bitcoin's retracement is 68800 66000. As long as the daily triple top of 68800 is maintained, there is still hope for the sprint. However, if Bitcoin falls below 68800 to 66000, it will bottom out.
The rise of Bitcoin and Ethereum hurts the altcoins a lot. After all, retail investors rarely have Bitcoin, so they have to wait patiently.
Hidden Dragon Do Not Use
During the low period of the bull market, you need more patience and peace of mind to work. After all, people need to eat and live. Now is still the early stage of the bull market, not the time to cash out, so working is the mainstream way of survival.
Bitcoin has a 7-month positive line and a 6-month long positive line. If Bitcoin can fluctuate sideways around 61,000, it will give the altcoin space better space.
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Click to go directly to 👉April 9 hot copycat trend report
🔹The K-line spirit of cognitive society
Many new fans feel that the articles of Cognition Society do not have direct bullish or bearish opinions, which affects the chances of making money by playing contracts. The principle of Cognition Society is to play more spot in a bull market. We do not over-judge the rise and fall of short-term prices. This is not Tai Chi, but Cognition Society has its own principles.
Cognitive Society does not know when Bitcoin will plummet, but we remind ourselves that every time Bitcoin plummets, it is an opportunity. We enter the market when Bitcoin plummets and deploy our favorite Ethereum UNI and hot altcoins.
Therefore, if you hold 8 layers of positions, you should control your positions to around 7 layers when Bitcoin accelerates its rise. In the bull market, don't fantasize about shorting your positions every time Bitcoin plummets.
🔹Understand the position attitude towards the bull market
Cognition Society believes that under the premise of a bull market, when encountering a high-risk area after a big surge, it is ideal to hold 6 to 8 positions (8 for a comfortable economy and 6 for a tight economy).
Don’t fantasize about escaping the top in the early and middle stages of a bull market, let alone escaping at every top. Even escaping at 312 in 2020 may not necessarily be the right move.
You can use a God’s perspective to say that if you sell Bitcoin at 8,000, wouldn’t it be a good idea to buy it at 3,800 after 312 happens?
Daydreaming, 3800 in a flash, and soon 5900, not such an exaggerated profit, but if you don't buy it back in time, missing out on the big bull market of 69000 is the most painful.
If the initial peak of the bull market is not reached, you may suffer for a few months, but if you miss the bull market, you will suffer for four years.
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🔹 Daily Coin News Interpretation
Nearly $1 billion of BTC flowed into U.S. Bitcoin spot ETFs in the past week, with BlackRock IBIT ranking first
Nearly $1 billion in Bitcoin flowed into U.S. Bitcoin spot ETFs in the past week, with BlackRock IBIT accounting for the largest share.
Overall, cumulative trading volume for Bitcoin spot ETFs has been declining since its peak in early March.
📍Cognition Society Interpretation: Bitcoin’s super strength is due to the US spot ETF
Data: Tether's net profit in 2023 will reach $6.2 billion, and it has only 100 employees
On April 9, Bitwise President Teddy Fusaro cited Maelstrom data and said that the net profit of stablecoin issuer Tether in 2023 will reach 6.2 billion US dollars, which is 78% of the net profit of Goldman Sachs ($7.9 billion) and 72% of the net profit of Morgan Stanley ($8.5 billion). However, Tether has about 100 employees, while Goldman Sachs and Morgan Stanley have 49,000 and 82,000 employees respectively.
📍Interpretation of Cognition Society: We only care about TETHER's profits to buy Bitcoin, the number of people is not the key.
Vitalik: Future DAS can accommodate 128 blobs, calling for large applications to be built on L2 or constructed into L2
On April 9, Ethereum co-founder Vitalik Buterin delivered a keynote speech titled "Building on Ethereum in the 2020s" at the 2024 Hong Kong Web3 Carnival. He stated that EIP-4844 laid the foundation for future expansion through DAS (Data Availability Sampling). The current DAS can accommodate 3 blobs (about 375 kB), the next stage of PeerDAS will be 8-16 blobs (about 1-2MB), and the final complete DAS can accommodate 128 blobs (about 16MB).
In addition, he said: "Compared with five years ago, Ethereum's ability to support mainstream large-scale applications has been greatly enhanced; large applications should be built on (or constructed into) L2 and utilize the latest technologies; developers' main choices should consider ease of development, performance, interoperability, and security; different applications have different choices."
📍Cognition Society Interpretation: I hope Vitalik Buterin has mentioned the second layer protocol, but unfortunately the dealers are not cooperating.
🔹Summary: Bitcoin 72700 really plummeted, 68800 66000 is the key support level; 24 years is the initial stage of the bull market of Bitcoin and Ethereum, every plunge is an opportunity, long-term K-line research focuses on Ethereum UNI OP NEAR BLUR and link cake;
🔹Short-term data for April 10
🏷Bitcoin
Support: 685000 66000
Pressure level: 70000 71000
🏷Ethereum
3450 is the key support level. If it is not broken, there is still hope for a rebound. If it breaks 3250, it will fall sharply.
Pressure level: 3580 3640
Support: 3450 3340
🏷 him
Stuck at 12, in fact 13.3 is the key pressure point
Uniswap’s historical trading volume exceeds $2 trillion, exceeding Australia’s GDP
According to Cointelegraph on April 5, data from the Dune Analytics dashboard compiled by Zach Wong, head of strategy and operations at Uniswap, showed that the historical trading volume of the decentralized exchange Uniswap has exceeded 2 trillion US dollars, a milestone achieved five and a half years after its launch in November 2018. In comparison, Uniswap's $2 trillion trading volume exceeds the gross domestic product (GDP) of Australia, Brazil and South Korea.
Cognition Society is the only one that reminds the bottom area near UNI4
Support: 11 10.6
Pressure level: 11.8 12.4
🏷LINK
19.2 is the threshold, I haven't even reached it
Pressure level: 18 18.6
Support: 17.2 16.4
🏷1000SATS
0.00045 is the support level 0.0005 is the resistance level
In case of a sharp drop in SATS, pay attention to it in batches. Here are the new batch of coins that Cognitive Society is paying attention to in the long term.
🏷1000RATS
Trapped at 0.3 pressure level, the high position is close to 0.24, and 0.225 is taken back
In case RATS plummets, pay attention to it in batches. Here are the new batch of coins that Cognitive Society is paying attention to in the long term.
Pressure level: 0.27 0.29
Support: 0.24 0.225
🏷DYDX
3 and 2.8 are support levels
Every time DYDX plummets, you should allocate some and pay attention to it. The new batch of long-term coins that Cognitive Society pays attention to
Cognitive Society is very optimistic about the future and value of DYDX, which can be followed in batches
🏷 AI
1.6 is stuck, 1.4 is more, 1.3 is an important support level
Every time AI plummets, you should allocate some and pay attention to it. The new batch of long-term coins that Cognitive Society pays attention to
Support level: 1.53 1.5
🏷BNB
600 is the short-term pressure, 570 and 555 are the support levels.
Can you believe it?
On Earth, when BNB is around 200, Cognition Society exclusively reminds you to invest in BNB between 210 and 180
Support: 570 555
Pressure level: 590 600
🏷NFP
The highest level is 0.77, 0.68 and 0.66, which are support levels.
Every time NFP plummets, you should allocate some and pay attention to the new batch of long-term coins that Cognitive Society is focusing on.
🏷CRV
The support level is around 0.6
Pressure level: 0.64 0.66
Support: 0.61 0.59
🏷OP
3 and 2.8 are support levels
Cognition Society was the only one who reminded us to upgrade Cancun when the OP bottom was around 1.3.
Pressure level: 3.2 3.35
Support: 3 2.85
🏷ARB
Continue to invest regularly, and reduce the rebound
Support levels: 1.5 1.45
Cognitive Society Earth Exclusive Reminder "ARB" 0.9 below the fixed investment, for example 0.88 0.85 0.82 0.79 0.76 0.73. The actual minimum is 0.74
🏷NEAR
7.1 6.9 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: 7.5 7.7
Support: 7.1 6.9
🏷BLUR
Minimum 0.5, rebound if not broken
Maximum 0.58
🏷️
There is no market. Please suspend updating this coin.
🔹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?
