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#defi #DOGS新币 #TON生态 #sol板块 #EthereumEFT
🔹Reviews of Cognitive Society
On August 31, Bitcoin fell back to the lowest point of 57,700, which is close to the support level of 57,700 mentioned in yesterday's article.
On August 30, Bitcoin fell back to the lowest point of 58,000 and was close to the support level of 57,700 mentioned in yesterday's article.
On August 29, Bitcoin fell back to the lowest point of 57,800, which is close to the support level of 57,000 mentioned in yesterday's article.
Bitcoin barely rebounded to 57700 this time, which is very worrying, because if it rebounds strongly, then a sharp drop will be an opportunity, and a rebound of 2 points is bullish, which is a bit misleading.
September is coming soon. Whether it is Bitcoin or Ethereum, the monthly line in August is tragic. Such a tragic monthly line shows that the long-short game in September is extremely important.
A huge positive line from September to December can indicate the real bottom and huge rebound. The market's confidence cannot believe in tears, nor in negative declines, but only in positive lines.
A key factor affecting the intensity of the rate cut in September is the CPI data for September. If inflation drops significantly and the economic data is very good, it is very likely that the interest rate will be cut by 25 basis points.
BlackRock’s funds are classified. Currently, they are mainly sovereign funds and low-risk funds. After the interest rate cut, many funds that buy U.S. bonds will start to buy various assets. At this time, funds that prefer higher risks will start to buy Ethereum ETFs. Therefore, as long as the U.S. economy does not decline, the market will increase a lot of funds and funds in the three to nine months after the interest rate cut.
We can only wait for the incremental funds after the interest rate cut to save the situation.
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 in Cognition Society do not directly predict the rise or fall of prices, which will affect their fortune. The principle of Cognition Society is to focus on spot trading in a bull market. We do not over-judge the rise or 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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This week, the U.S. Ethereum spot ETF had a cumulative net outflow of $12.4 million
According to Farside Investors data, the U.S. Ethereum spot ETF had a cumulative net outflow of US$12.4 million this week, of which Grayscale ETHE had the largest net outflow, with a net outflow of US$27.8 million during the week, and BlackRock ETHA had the largest net inflow, with a net inflow of US$8.4 million during the week.
This week, the U.S. Bitcoin spot ETF had a cumulative net outflow of $277.2 million
According to data from Farside Investors, the U.S. Bitcoin spot ETF had a cumulative net outflow of US$277.2 million this week, of which BlackRock IBIT had the largest net inflow, with a net inflow of US$210.6 million during the week; ARKB had the largest net outflow, with a net outflow of US$221 million during the week.
📍Interpretation of Cognition Society: The decline is not terrible, what is annoying is that the trading volume of Ethereum ETF is too small, Grayscale sells too slowly, and needs incremental funds.
Bitcoin spot ETFs had a total net outflow of $83 million in August, while BlackRock had a net inflow of $887 million
According to TraderT data, the overall net outflow of US Bitcoin spot ETFs in August was US$83 million (the price of Bitcoin fell from US$64,600 to US$59,300).
Among them: - BlackRock IBIT increased its holdings by 14,531 bitcoins, with an inflow of US$887 million, and a total holding of 357,509 bitcoins.
-WTree’s BTCW saw a net inflow of $139 million.
-Grayscale GBTC net inflow was US$910 million (mini BTC net inflow was RMB 330).
-ARK’s ARKB saw net outflows of $277 million.
-Fidelity FBTC saw net outflows of $122 million.
-Bitwise’s BITB saw a net outflow of $98 million.
📍Interpretation of Cognitive Society: BlackRock loves Bitcoin, but not much love for Ethereum at present
Russia to start trial of using cryptocurrencies for cross-border payments next week
Russia will begin trialing cross-border crypto payments next week in an effort to circumvent international sanctions.
The legislation, which was passed in late July and quickly signed into law by President Vladimir Putin, does not lift the existing ban on using cryptocurrencies as legal tender for regular payments within Russia, but allows the use of cryptocurrencies for cross-border payments.
📍Interpretation of Cognition Society: Slowly more countries are opening up to Bitcoin.
🔹Summary: Bitcoin 57700 is the key support level, 62000 is the short-term key pressure 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: 57700 56400
Pressure level: 60000 61000
🏷Ethereum
It's a pity that we couldn't maintain 2600.
The highest point of Ethereum rebound on August 31st was 2540, which is close to the pressure point of 2580 in yesterday’s article.
On August 30, Ethereum hit the lowest point of 2445, which is consistent with the pressure point of 2460 in yesterday’s article.
The highest point of Ethereum's rebound on August 29 was 2500, which coincides with the pressure point of 2600 mentioned in yesterday's article.
A sharp drop in Ethereum is an opportunity to enter the market
Deploying Ethereum is the core strategy.
Pressure level: 2540 2600
Support: 2480 2420
SUN
133 124 support level, the key is that the monthly line is too ugly
🏷LINK
10.8 is the key support level, 11.2 12 is the key resistance level
New value, new RWA leader, the plunge can be configured, cognitive society 22 23 years 5 layout LINK
🏷 him
5.7 5.2 support level
Pressure level: 6 6.2
Support levels: 5.7 5.2
🏷️WIF
1.4 1.2 support level
1.7 is the key short-term pressure
🏷️BLUR
0.17 0.2 pressure level
0.15 0.13 support level
🏷OP
Cognition Society believes that OP around 1.2 is still worth considering
Pressure level: 1.5 1.6
Support levels: 1.35 1.25
🏷CRV
It's a pity that 0.3 can't stand firm
🏷️UN
This wave of SOL ecosystem is a bit weak.
2.2 2 Support Level
🏷️TREES
0.0053 to see the rebound strength
🏷1000SATS
Extremely volatile, strictly control positions
0.00027 is the core support level, breaking the weak
🏷1000RATS
Weak
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
3.8 is the key support level, 3 is the strong 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: 4.2 4.4
Support level: 3.8 3.5
🏷️YUP
0.72 0.66 support level
🏷BNB
On Earth, when BNB is around 200, Cognition Society exclusively reminds you to invest in BNB between 210 and 180
Support: 510 500
Pressure level: 540 550
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?
