Time：2024-03-27 Click：94
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Cognitive Society Reviews
On March 26, Bitcoin sprinted to 71,500 and then stepped back to 69,200. This shows that Cognitive Society was right in saying that Bitcoin 68,500 is a strong pressure level. After the main force pulled the market to squeeze the market, it still stepped back to around 68,500.
As long as Bitcoin holds 68,000, the market outlook will repeatedly sprint to 71,000 to 73,000. As the early highest point near 73,700, it is the core selling pressure.
The monthly chart of Bitcoin in March is still a positive chart at present, which is a good thing in the short term, but not a good thing in the long term, because the monthly chart of Bitcoin has been positive for seven consecutive months. If the chart continues to be positive, it will rise by at most 3 more points. The month is at the top of the weekly line.
If a person can run at a speed of 100 meters, it is difficult to go very far. Fast means slow is not a pretentious statement, but no one can run 1000 meters at a speed of 100 meters. He will definitely vomit blood.
The bull market lasts longer and requires sufficient consolidation time. Only by fully exchanging chips between the long and short parties can the main players feel at ease.
Bitcoin’s daily MACD is still negative, indicating that the rebound after the plunge has still not allowed the daily organization to be strong enough, and the long-short divergence of 73700 is still very large.
As long as Bitcoin holds 68,000, the copycat still has hope of performing.
Cognitive Society’s K-line spirit
Many new fans feel that the daily articles of Cognitive Society are not directly bullish or bearish, which affects the ability to make money by playing contracts. The principle of Cognitive Society is to play more with spot prices in the bull market. We do not overly judge the short-term rise and fall. This is not playing Tai Chi, but is the basis of Cognitive Society. Our own principles.
Cognitive Society doesn’t know when Bitcoin will plummet, but every time Bitcoin plummets, we are reminded that it is an opportunity. We enter the market when Bitcoin plummets, and layout our favorite Ethereum UNI and hot copycats.
Therefore, if a brother with an 8-level position controls his position at around 7 levels when Bitcoin accelerates its rise, don’t imagine taking a short position every time it plummets in the bull market.
Understand the position attitude towards the bull market
Cognitive Society believes that under the premise of a bull market environment, when encountering a high-risk area after a big surge, holding 6 to 8 levels of positions is the most ideal approach (8 levels of economic prosperity, 6 levels of economic stress).
In the early and mid-term of a bull market, don't imagine escaping from the top, let alone escaping every time it hits the top. Even 312 in 20 years doesn't necessarily mean escaping from the top is right.
You can use God’s perspective and say that Bitcoin is sold for 8,000, but after 312, wouldn’t it be good to buy it for 3,800?
Daydreaming, 3800 is instant, and soon 5900, the profit is not that exaggerated, but if you don't buy it back in time, the most painful thing is to miss the 69000 bull market.
In the early stages of a bull market, it may be painful for a few months if the top does not come out, but if the bull market is short, it will be painful for four years.
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Daily currency news interpretation
US SEC asks judge to fine Ripple Labs $2 billion
According to The Block, Ripple Labs chief legal officer Stuart Alderoty said that the U.S. Securities and Exchange Commission (SEC) has asked a New York judge to impose a $2 billion fine on the company, and relevant documents will be released on Tuesday. Alderoty said Ripple’s response will be submitted next month. But as we have seen before, the statements issued by the SEC are false, mischaracterized and misleading. The SEC is not faithfully enforcing the law, they are still bent on punishing and intimidating Ripple and the entire industry.
Interpretation from Cognitive Society: Americans are so funny, the China Securities Regulatory Commission has been fighting with a company for so many years............
Tether: Expanding strategic focus into the field of AI
According to official news, Tether, the issuer of the U.S. dollar stablecoin USDT, announced that it will expand its strategic focus to the field of artificial intelligence. It is reported that the "Tether data" plan takes the lead in developing open source, multi-modal artificial intelligence models, seamlessly integrates artificial intelligence solutions into market-driven products, and is committed to promoting the development of the field of open artificial intelligence. In addition, the plan also announced the recruitment of AI-related talents globally.
Cognitive Society Interpretation: It would be great if TETHER could sell his Bitcoin at a high level and buy it back in the bear market. This is very important for the encryption industry, because the bear market will not be out of control.
London Stock Exchange announces it will accept listing applications for Bitcoin and Ethereum ETNs starting April 8
The London Stock Exchange (LSE) issued market announcement N03/24, announcing that it will accept listing applications for Bitcoin and Ethereum cryptocurrency exchange-traded notes (Crypto ETNs) starting from April 8, 2024. This measure follows the N02/24 announcement issued on March 11, and it is expected that the first batch of cryptocurrency ETNs will be officially listed for trading on May 28, 2024. This move is aimed at attracting the largest number of issuers to participate in first-day trading. Issuers need to submit corresponding application materials to the exchange before April 15 and ensure that their base prospectus is approved by the Financial Conduct Authority (FCA). The London Stock Exchange also specifically stated that issuers that fail to meet listing requirements or submit late applications will not be able to participate in the first day of trading.
Cognitive Society Interpretation: If Ethereum wants to take off, it needs to use spot ETFs
Cognitive Society articles are continuously updated every day
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Summary: Bitcoin still has hope of reaching around 73,000 if it can't break through. Every plunge is a focus on AI ARB OP CRV , the long-term k-line research focuses on the ether sub-UNI OP NEAR BLUR and link pie;
Short-term data on March 27
Bitcoin
Support level: 68500 66600
Pressure level: 71000 74000
Ethereum
Near 3485 is a good short-term position, you can take back the high position.
Pressure level: 3650 3720
Support level: 3500 3460
him
Too weak 13 didn’t touch
UNI's model is a huge demonstration for DEFI. Cognitive Society believes that many projects will imitate it. For example, DYDX CRV AAVE COMP may all give profits to currency holders in the future.
Cognitive Society exclusively reminds the bottom area near UNI4
Support level: 12 11.6
Pressure level: 13 13.8
LINK
Slowly climb to 21, 23 is the key pressure level
Pressure level: 20.8 23
Support level: 19.5 19
1000SATS
0.00056 have not been encountered, weak chicken
In case SATS plummets, pay attention in batches. Cognitive Society’s long-term new batch of coins
Support level: 0.00049 0.00046
1000RATS
Too weak is still a few kilometers away from 0.31
In case RATS plummets, pay attention in batches. Cognitive Society’s long-term new batch of coins
Support level: 0.26 0.245
DYDX
Too weak, 4 didn’t even touch it
Every time DYDX plummets, you need to allocate some and pay attention to the new batch of coins that Cognitive Society will pay attention to in the long term.
Cognitive Society is very optimistic about the future and value of DYDX, so you can pay attention to it in batches
Pressure level: 3.7 3.9
AI
Stuck at 1.86 In fact, 2 is the strong pressure level
Every time AI plummets, you need to allocate some and pay attention to the new batch of coins that Cognitive Society will pay attention to in the long term.
Support level: 1.7 1.62
BNB
Stuck at 600 560 is an important support level
Can you believe it?
On Earth, when BNB is around 200, Cognitive Society exclusively reminds BNB to bet between 210 and 180.
Support level: 570 560
Pressure level: 600 620
NFP
Despite the strong rebound, Cognitive Society did not dare to say anything. After all, the hacker attack was negative and the position was controlled. The original holdings did not dare to increase the position. Cognitive Society has not confiscated a penny from any project party.
(Pause) Every time NFP plummets, you need to allocate some and pay attention to it. Cognitive Society’s long-term new batch of coins
Support level: pause
CRV
Stuck at 0.73, it is expected to fall back to 0.67
Pressure level: 0.72 0.74
Support level: 0.68 0.66
OP
Sure enough, it is stuck at 4. If you don't step back and break 3.7, it will be considered strong.
Cognitive Society exclusively reminds the layout of Cancun upgrade when the bottom of OP is near 1.3.
Pressure level: 4 4.2
Support level: 3.7 3.6
ARB
Weak, the plunge is an opportunity
Support level: 1.66 1.58
Cognitive Society Earth exclusively reminds "ARB" to bet below 0.9, such as 0.88 0.85 0.82 0.79 0.76 0.73. The actual lowest is 0.74
NEAR
Very strong friction 8.1 but 9 is a strong pressure level
When the price of NEAR23 is around 1, Cognitive Society will exclusively remind you to place your investment when near 1.3 to 1.
Pressure level: 8 8.5
Support level: 7.55 7.2
BLUR
The highest is 0.64, step back and pick it up, not as good as new bullets
The maximum is 24, step back and pick it up, no new bullets will be inserted.
Understand the attitude towards making money
Cognitive Society doesn’t like hindsight
I don’t like the way those KOLs advocate making all the money.
If anyone in the currency circle could benefit from the rise and fall of each coin
You don’t need to make 10 billion a year with leverage
But the second largest exchange on earth only lost billions and went bankrupt after watching the market makers manipulate the market.
Form your own trading system and make money within the scope of your own knowledge. Don’t imagine that you will eat the rise and fall of every day, let alone the rise and fall of every currency. This person does not exist on earth, and this kind of institution does not exist. If there is With the existence of this kind of institution, FTX, the exchange that serves as the main backend, will not go bankrupt.
Mismatch between desires and abilities
The heart can never be at peace
How can you hold the coin if you don't have peace of mind?
Many people always like to rely on others' promises and guarantees to hold on to their coins when they plummet.
Banks have collapsed. Even the legal currencies of some major countries have collapsed. Evergrande and Zhongzhi have bankrupted with trillions of dollars.
Do you think that in such a high-stakes place in the crypto industry, people promising returns can be trusted?
The bullies are just talking nonsense. It’s really a plummeting and bear market. Have you seen those people who advocate the bull market every day? Are they still there?