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🔹Reviews from Cognitive Society
Bitcoin's lowest point of 62,000 on October 13 is close to the support level of 62,300 in yesterday's article.
Bitcoin's highest rebound point of 63,300 on October 12 is close to the pressure point of 63,000 in yesterday's article.
Bitcoin's highest rebound point of 62,300 on October 11 coincides with the pressure point of 63,000 in yesterday's article.
Bitcoin's lowest point of 60,200 on October 10th coincides with the support level of 60,000 in yesterday's article.
On October 13, Bitcoin was originally consolidating above 62,200, with a large number of copycats performing well, BLUR sprinting to 0.26, BOME sprinting to 0.0083, and WIF sprinting to 2.8. However, due to the escalation of friction between North Korea and South Korea, the market plummeted.
The sharp drop in Bitcoin during each war shows that Bitcoin is indeed not a safe-haven asset. Bitcoin is more of a U.S. stock and has a more direct connection with the U.S. economy.
The support level of Bitcoin is 62,000. As long as it holds 62,000, it is considered strong.
The pressure level for Bitcoin to rebound is 63300 and 65000 is the key pressure level.
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.
This week, the U.S. Bitcoin spot ETF increased its holdings by a total of 4,635 BTC, exceeding the BTC production in the same period (3,150).
📍Cognition Society Interpretation: Currently, the purchasing power of Bitcoin spot ETF is the core force of the market.
Uniswap front-end transaction revenue exceeds US$77 million
DefiLlama data shows that as of October 10, Uniswap front-end transaction revenue exceeded US$77 million ($77.15 million).
Earlier news said that Uniswap Labs, the development company behind Uniswap, launched the second-layer network Unichain. The network testnet has been launched and the mainnet will be launched soon.
📍Interpretation of Cognitive Society: UNI needs to use profits to buy back tokens and then destroy them
Crypto firms paid $19 billion in settlements to U.S. regulators so far in 2024, up 78.9% from last year
📍Interpretation of Cognitive Society: The United States regulates, fines and constrains, not a one-size-fits-all approach
🔹Summary: Bitcoin 60,000 is the key support level. Every time Bitcoin plummets, it 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: 61800 60000
Pressure level: 63000 64000
🏷Ethereum
2380 is the key support level
A sharp drop in Ethereum is an opportunity to enter the market
Deploying Ethereum is the core strategy.
Pressure level: 2470 2520
Support: 2400 2380
🏷️SUN
Too weak 152 pressure level 138 134 support level
🏷LINK
10 is an important support level 11.7 is a key resistance level
New value, new RWA leader, the plunge can be configured, cognitive society 22 23 years 5 layout LINK
🏷 him
7.7 rebounded to 8.3 and then fell
Cognition Society believes that the value ranking of crypto industry projects is: Bitcoin Ethereum UNI SOL XRP
Cognition Society believes that if UNI wants to take off, it needs to repurchase tokens with profits and then destroy them.
Pressure level: 8 8.2
Support: 7.5 7.2
🏷️WIF
2.8 is the key resistance level 2.4 is the key support level
The highest point of WIF on October 12 was 2.8, which is consistent with the pressure point of 2.8 in the article of Cognitive Society yesterday.
The lowest point of WIF on October 11 was 2.28, which coincides with the support level of yesterday’s article from Cognitive Society. 2.8 is the key pressure level
🏷️BLUR
0.26 pressure level 0.23 0.21 support level
🏷OP
1.4 is the key support level 1.9 is the key resistance level
Cognition Society believes that OP around 1.2 is still worth considering
Pressure level: 1.8 2
Support level: 1.6 1.5
🏷CRV
0.255 Struggle
🏷️UN
Very weak
1.8 1.6 is an important support level 2 2.2 is a pressure level
🏷️TREES
0.0085 is the key pressure point
🏷1000SATS
0.0003 is the key pressure level and 0.00025 is the important support level.
Extremely volatile, strictly control positions
🏷1000RATS
0.01 is the key support level
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
4.4 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: 4.7 4.9
Support: 4.4 4.2
🏷️YUP
0.82 important pressure point
🏷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
On Earth, when BNB is around 200, Cognition Society exclusively reminds you to invest in BNB between 210 and 180
Support: 560 550
Pressure level: 580 590
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 ever seen those people who advocate the bull market every day?
