Bitcoin On February 18, Bitcoin consolidated between 51,100 and 52,000, and the altcoins rebounded strongly.
This time, the leading section of the market has changed from oracles to the AI section, which is why the Cognitive News article has added AI. Cognitive News’ previous article reminded that the characteristics of the bull market are that various new hot spots and new hype topics are constantly emerging in the market. and stories, the constantly switching sections have skyrocketed, making the market full of excitement.
Bitcoin’s current rebound is not as strong as a second peak on the daily line. It needs at least around 54,000 to achieve a second sprint. The current strong consolidation is an opportunity for copycats.
The key to whether the DEFI sector can be strong again is the sprint of UNI's 8 and 9.8. If any sector wants to take off, it needs the leader to break through the strong pressure level. There is no big reason for the trading market. The biggest reason is that big funds resolutely break through the strong pressure level, forming a rough Hard big positive line.
This is the legend of a great Yang line, which brings thousands of troops to meet each other.
When Bitcoin rebounded and plummeted, some copycats were deployed, and the profits from the rebound were still very good. For example, the rebound of UNI and AI mentioned in yesterday's Cognitive News article was still okay today.
Currently, UNI is trapped at 7.9 and AI is trapped at 2. Don’t chase highs, stay short and pay attention.
Total venture capital investment in crypto-related companies in Q4 2023 will reach US$1.9 billion
A PitchBook report shows that total venture capital investment in crypto-related companies reached $1.9 billion in the fourth quarter of 2023, a 2.5% increase from the previous quarter. This is the first time since the first quarter of 2022 that venture capital (VC) investment in crypto startups has risen.
PitchBook notes that the major crypto startups receiving funding are concentrated in the financial and technology solutions sectors. These include tokenizing real-world assets such as real estate and stocks on the blockchain and building decentralized computing infrastructure.
Interpretation from Cognitive Society: The bull market also requires the gradual strengthening of encrypted entity companies, so that the ecosystem can grow bigger.
Bloomberg: Retail investors are beginning to return to the crypto space
Last year's fourth-quarter reports from Coinbase and Robinhood showed that retail investors are beginning to cautiously return to the cryptocurrency space, although they have not yet plunged in like they did during the last bull market three years ago. Arca trader Kyle Doane said: "There are signs that retail investors are starting to return to the market, but it has not yet reached the level of the last bull market. Even stocks like COIN and crypto mining companies show more volatility than many tokens." Retail traders are crucial to cryptocurrencies. They accounted for the lion's share of Coinbase's revenue during the last bull market and were the primary revenue driver for most other cryptocurrency exchanges.
Google Trends shows web searches for the term "Bitcoin" spiked in the first half of January when the ETF debuted, but then plummeted to bear market levels, suggesting retail investors haven't fully jumped in yet. Downloads of top cryptocurrency trading apps heavily used by retail traders are also well below bull market levels. Binance’s app downloads reached 10 million in the fourth quarter of last year, up from 9 million in the third quarter and up from 8.1 million in the last three months of 2022, according to market intelligence firm Sensor Tower; In the second quarter of 2021, Binance downloads reached 25.8 million times. Additionally, Coinbase app downloads increased 13% sequentially in the fourth quarter of last year, but were still down year-over-year: its 1.7 million app downloads in the fourth quarter were just a fraction of the company’s peak of 10.8 million downloads in the second quarter of 2021. Small portion. (Bloomberg)
Interpretation from Cognitive Society: Retail investors think that they will make a fortune in the bull market, but in fact, the wealth comes from the depths of the bear market. LINK20 cannot make a fortune, only 5 makes a fortune, and the chips of 5 are in the depths of the bear market.
Summary: Bitcoin is consolidating strongly, and when it plummets, some hot-spot copycats will rebound; 24 years is the initial stage of the bull market for Bitcoin and Ether, and every plunge is an opportunity. Long-term K-line research focuses on Ether times UNI OP NEAR BLUR and link pie;
Bitcoin
Support level: 51200 50400
Pressure level: 52000 52600
Ethereum
2820 is not a strong pressure level, the suppression of 2900 is more obvious
Pressure level: 2830 2880
Support level: 2780 2760
him
Stuck at 7.9, if you can't break 7.3 after stepping back, there is still hope of rebound.
Support level: 7.5 7.33
Pressure level: 7.8 7.9
LINK
21 is a strong pressure level and 18 is an important support level. We will soon have to choose a direction.
Pressure level: 20.3 21
Support level: 19 18.4
1000SATS
After trading sideways for a long time, it’s time to choose a direction. 0.00046 is an important support level and 0.00056 is a strong pressure level.
1000RATS
It’s time to go in the short-term direction, see where to break through 0.246 and 0.29
Cognitive Society believes that the short-term 1000rats0.247 042 can be allocated in a small amount
AI
Eat meat, get trapped 2
For the AI sector, you can pay attention to 0.4 to 1.2 in the long term, and do not chase highs.
BNB
340 is not a big problem if it is not broken
Earth Cognition Society exclusively reminds BNB to invest between 210 and 180
As long as there is no thunderstorm on Binance, BNB 210 will be invested to 180BNB
Support level: 348 342
Pressure level: 356 360
Where to break through 20.3 and 24.3
CRV
0.55 0.6 is an important pressure level 0.51 0.48 is a support level
Pressure level: 0.55 0.57
Support level: 0.51 0.49
OP
3.5 rebounded 3.75 3.9 is the pressure level
Cognitive Society exclusively reminds the layout of Cancun upgrade when the bottom of OP is near 1.3.
Pressure level: 3.75 3.9
Support level: 3.6 3.5
ARB
1.91 rebounded as expected, 2.1 is the first threshold
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
3.1 rebound, 3.56 is the first threshold
Cognitive Society is the only one that reminds you to invest in near 1.3 to 1
Configure some long lines near 1.3 to 1
Pressure level: 3.55 3.7
Support level: 3.4 3.3
BLUR
0.67 0.64 support level 0.72 0.74 pressure level
