Forward Observation Post:

a) CZ: 9 reasons for the “Binance FUD”

b) The amount of Bitcoin held or lost reaches a one-month high

c) Affected by the winter storm in the United States, the Bitcoin network computing power dropped by more than 30%

Uncle's strange story:

Under the current situation, the overall industry stimulus is already very low, and all the pessimism radiating to investors' confidence cannot cover up the global economic winter. Investors no longer have the passion of the past. The currency circle currently needs strict supervision, and what is more needed is a support system to promote the healthy circulation of the industry. No matter who is bankrupt or who is liquidated, it has no meaning to investors. Investors will face it bravely with an attitude of eating melons. The leeks have grown up, and the awareness of independent investment is getting stronger and stronger. Combined with the recent news and future support, Bitcoin should set off a gorgeous crash market with foreign market news.

BTC/USDT:

BTC 4-hour disk still has not come out of the shock range. It is difficult to rise above the intraday dividing line of 17,000. The chips are distributed in the downward area of ​​the central axis. The intraday rise and shrinkage will gradually decrease until the next round of market. The overall market operation recommendation is still to short at highs in the range.

Short at every rallies in the 17000 range, with the upward stop loss controlled around 500 points and the downward take profit position around 16000. Beware of the bottom buying pin after a dive.

ETH/USDT：

The trend of ETH in the 4-hour market is similar to that of BTC. In the upward channel of continuous consolidation, the trading volume is decreasing. The microcosm of the bottom is constantly slipping away in the box oscillation. The 1200 range is called the secondary pressure point in the market. The overall trend is still mainly oscillating downward.

Go short on rallies in the 1300 range, and the upside stop loss position can be placed at 1310. After falling below the downside range, the take profit position can be seen around 1160. Beware of the pin shock after the bottom fills the gap.

Message from Uncle:

In contract trading, mentality is very important. All participants have the purpose of making money. Losers dream of getting rich overnight, and capital tycoons hope to grow fatter and fatter like a greedy snake. The influence of various external noises has never stopped, such as wars, interest rate cuts, industrial adjustments, climate, etc., all aspects of influence disturb your mind.

a) Peacefulness

Contracts require a calm mind. No investment can make you rich overnight. When you have this idea, it means you are not mature enough because you don't fully focus on the market. Fantasy consumes your energy and it will make you think you will win, which will directly affect your ability to look at things objectively.

b) Determination

Every day, you are bombarded with all kinds of news. The good and bad fundamentals, the ups and downs of technical charts, etc. are interpreted by experts in a confusing way. If the so-called experts can really see through the market, they don't have to do such a spit-splashing and despised job. Things have their own direction of development, and human thinking has its own way. Stick to your principles. Even if you make mistakes for a while, you will improve through summarization, which is also an accumulation of success.

c) Meditation

When you see the market going up and down, you should be calm and follow your trading plan. This will ensure that you can concentrate on stopping losses in time when the market is extremely volatile; when the market is soaring, you can dance with the trend and pursue maximum benefits.

d) Patience

You need to be patient when doing anything. The market may not be as you wish every day, and sometimes it may not improve for several months. This is not a time to do nothing. You should regard the consolidation as the early stage of the big market. In fact, the consolidation brings you a rare observation angle. Note down every abnormal change, which often brings unexpected gains.

e) Perseverance

You need perseverance when doing contracts. Most speculators cannot do this, which is why most people lose money. Do a good job of fund management, set a stop loss, and keep doing it for the long term, so that you can be neither arrogant when you win nor discouraged when you lose. The idea of ​​running away after a gamble is not a good idea, first because you can't run away after losing, and secondly, you won't run away even if you win.

f) Be careful

You must be bold and careful when doing contracts. You must always be cautious and tread carefully in the face of the market, and have awe for the market. In front of you is a powerful organization, with professional elites operating for it, strong funds, the top trading system, and the convenience of the trading system. You must be careful in every step, otherwise you will be wiped out.

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