Forward Observation Post:
a) SBF will be arraigned in New York next week
b) CZ: 3Commas has a widespread API key leak, please disable immediately
c) An anonymous Twitter user leaked the 3Commas database
Uncle's strange story:
The leak occurred after dozens of 3Commas users claimed that their API keys were used to execute transactions on exchanges such as Binance, KuCoin and Coinbase without their consent. Earlier news, 3Commas confirmed that users had lost at least $6 million to attackers since October, but according to users, the amount of losses has at least doubled in recent weeks. The security of the cryptocurrency industry is really worrying. So many security audits and so many security protection experts have not been able to solve the fundamental problems until now. The disadvantages of peer-to-peer transactions have also been initially revealed. In today's cold winter of the cryptocurrency circle, it is undoubtedly another heavy blow, causing investors to gradually lose confidence. In addition, SBF is about to be tried in New York. It is time to put an end to the FTX series of events.
BTC/USDT:
After two consecutive days of analysis, the market will continue to lose chips slowly under the stimulation of news. As expected, the 4-hour line segment has been in a state of shock and downward movement, and is close to the downward interface support point given yesterday. If BTC cannot take effective retracement support at the current level, the market will conduct a billion-scale verification test dive, and the next round of shock repair market will start from 15,000 points.
The span is lengthened, and this type of market is not suitable for short-term entry. It is mainly based on intraday trading in the 4-hour range to effectively avoid the risks brought by ups and downs.
BTC continues to recommend shorting on rallies, with an effective short order entry at the high of the range at 16800, with a downside stop profit point around 16000 and an upside stop loss point around 17000
ETH/USDT：
ETH has already fallen back and broken through the effective support of 1200 in the 4-hour market, and a downward channel has been formed in the general direction of consolidation. Hot money has been continuously flowing out, and there is no defensive position to make an effective attack on the support. The latter will continue to lose chips and cause a decline from the intraday high.
Short at highs near 1250, the upside stop loss position can be placed at 1280. After falling below the range, the take profit position can be seen near 1160. Beware of the pin shock after the bottom fills the gap.
Message from Uncle:
In fact, every transaction tests the mentality of investors. In contract trading, if you want to make very good profits, a healthy mentality is indispensable. What kind of mentality should you have in contract trading?
a) What you gain from getting up after falling down
If you fail, you must not give up on yourself. Instead, you must accept that it is okay to fall and believe that there will be certain gains in the process of getting up. Walk out of the trading mistakes and sublimate, which will lead us to a higher level of trading step by step.
b) Don’t let today’s trading affect tomorrow’s trading
No matter how bad your situation is today, believe that tomorrow will be another opportunity to correct it. To be a successful investor, you must not bring yesterday's baggage into what may happen today. The residue of the previous failed transaction must be completely cleared before we start the next transaction. Otherwise, we are doomed to fail.
c) Make sure you trade
This actually reminds us to carefully choose the products that suit us and our own buying and selling points. When we realize that we have made a choice that conflicts with the market, we must choose to exit and immediately stand with the powerful party.
d) To understand the thinking of others in the market
The market is made up of many traders. If you, as an investor, want to make a profit from the market, you must understand the thoughts of other people in the market. Only by mastering this can you make huge profits.
e) Be clear about the reasons for your trading
When we make a transaction, we must be clear about the reasons why we choose this transaction and analyze and act wisely, so that we can avoid being influenced by others.
f) Losses are profits
There is always a gain in a loss, this is an old saying, in the trading market, sometimes a loss is not necessarily a loss, it may be a gain. This is something that investors should remember, and they should know that the art of profit is determined by the intelligent control of stop loss.
g) Don’t take yourself too seriously
Whenever you make continuous profits, you must remember this sentence. Treat continuous profits as an ordinary thing and treat it with a normal mind.
h) Be friendly to the market
When we trade in the market, we should cooperate with the market instead of going against it. So if we treat the market well, the market will make our dreams come true.
Life is a journey of forging ahead, and trading is a journey of going against the current. The financial market is a battlefield, where it is either you or me, so when trading, we must recognize the market, recognize ourselves, and trade rationally, otherwise we will be defeated at best, or even destroyed. Get first-hand information about the industry, grasp real-time hot spot tracking, deeply analyze industry news, and follow the crypto weird uncle to take you into a different crypto world
