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#BTC走势分析 #加密市场急跌 #eth #wif #arb
🔹Reviews of Cognitive Society
Bitcoin fell back to its lowest point of 49,000 on August 4.
After the liquidity providers withdrew their orders, the depth of the market began to have problems, especially the fact that several Ethereum market makers sold Ethereum and left the market, making the market crash unusually smooth.
Bitcoin 49,000 is definitely beyond the expectations of the cognitive society, because it is ridiculous that the support of 57,000 is so easily broken, the lowest point in 24 years and eight months.
BlackRock's super purchasing power should be able to maintain the situation. As long as there is no new major negative news, such as the United States really attacking Israel, Bitcoin should have a big rebound.
Bitcoin 58,000 has become a strong pressure point. Only by standing firm at 58,000 can it stabilize. If it cannot stand firm at 58,000, there should be another retracement. The strength depends on BlackRock.
Under normal circumstances, Bitcoin 50,000 and 42,000 are strong support levels, and should be able to hold up even under strong negative conditions.
All we can do is to pay attention to Ethereum when Bitcoin plummets, and wait for Ethereum's performance.
🔹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.
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Cryptocurrency market trading volume exceeds $250 billion in the past 24 hours
In the past 24 hours, the number of people liquidated on the entire network exceeded 300,000, and the total amount of liquidation reached US$1.172 billion
Coinglass data shows that in the past 24 hours, a total of 308,289 people were liquidated, with a total liquidation amount of US$1.172 billion. The largest single liquidation order occurred in Huobi - BTC-USD worth US$27.001 million.
📍Interpretation of Cognitive Society: Cognitive Society also holds a large position in Ethereum. Today’s account value has dropped so much that I dare not look at it. Hahahahahaha
South Korea's ChiNext Index plunged 8% and triggered the circuit breaker mechanism
Japan's banking sector loses $85 billion in market value
The share prices of the "Big Seven" in the U.S. stock market plummeted, and the total market value evaporated by 1.3 trillion U.S. dollars
The "Big Seven" of the U.S. stock market all fell sharply at the opening, with Apple down 9.6%, Microsoft down 4.8%, Nvidia down 14.3%, Google down 6.5%, Amazon down more than 8%, and Tesla down more than 10.85%. By calculation, the total market value of the above seven technology companies decreased by 1.29 trillion U.S. dollars, of which Apple fell by 321 billion U.S. dollars and Nvidia fell by 378 billion U.S. dollars.
📍Interpretation of Cognitive Society: This is really a bad environment.
🔹Summary: Bitcoin needs to stabilize at 58,000 in the short term. A pullback to around 50,000 is an opportunity. Every plunge in Bitcoin 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: 520000 50000
Pressure level: 56000 58000
🏷Ethereum
I'm dizzy, I'm down 2100, chance to go
Grayscale is estimated to need 3 months to sell. The selling pressure is the greatest in the first month. Wait for the chips to be exchanged.
A sharp drop in Ethereum is an opportunity to enter the market
Deploying Ethereum is the core strategy.
Pressure level: 2450 2500
Support: 2360 2300
🏷️SUN
110 is still bullish, brothers who like SOL have a chance
🏷LINK
I dare not watch it when it drops. 11 is a strong pressure point.
New value, new RWA leader, the plunge can be configured, cognitive society 22 23 years 5 layout LINK
🏷 him
I think the UNI near 5 is very good
Pressure level: 5.6 5.8
Support level: 5 4.8
🏷️BLUR
It's out of my mind. There are bullets near 0.1 to replenish.
🏷OP
1 OP can be configured
Cognition Society believes that OP around 1.1 is still worth considering
Pressure level: 1.3 1.4
Support level: 1.1 1
🏷CRV
Stimulus 0.18
🏷️UN
Around 1.8 is expected, and the rebound is very fast
If it weren't for the low circulation of JTO, we could have paid more attention to it and found a huge amount of bottoming out.
🏷️TREES
0.007 Variable pressure position
🏷️WIF
Awesome, I'm convinced it dropped three times
🏷1000SATS
0.0033 Cognitive Society clearly reminds you to reduce your position, even if you lose 20 points, you should strictly control your sats position in the future market, as the volatility is too large.
🏷1000RATS
1000RATS rebounds to near cost and reduces positions. After reducing positions, reduce the proportion of long-term positions. The fluctuation is too large and most people cannot bear it.
🏷NEAR
4 is the absolute core support level, breaking the weak
Cognitive Society is the most optimistic about NEAR on the planet. NEAR1 has been updating frantically. Now NEAR is ranked behind in the article because it has risen too much. Maybe NEAR may reach 40 in the future, and there is not much room for growth.
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: 3.7 4
Support level: 3.3 3
🏷️YUP
0.64 has not broken, it has only fallen by half
🏷BNB
On Earth, when BNB is around 200, Cognition Society exclusively reminds you to invest in BNB between 210 and 180
Support: 440 420
Pressure level: 480 500
🏷ARB
I have no choice but to change some WIFs and other stocks that have fallen too far. I am also helpless about the performance of ARB. Face the reality
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.
Desire and ability are not equal
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?
