Today is Tuesday, June 11, 2024. Recently, many friends have asked about the theft of funds in OuYi, and they are worried about whether their funds in OuYi will be stolen. I have also roughly understood this incident. Some people said that all their assets in OuYi were stolen by hackers, including their life savings. In just 15 minutes, assets worth nearly 5 million RMB were gone. After posting, there were more than one incident. Other netizens echoed that they were also attacked by hackers, resulting in varying degrees of asset losses. At present, the incident has attracted the attention of OKX officials, and they have contacted the victim, indicating that if it is finally determined to be the platform's responsibility, the platform will take the initiative to assume responsibility.
In this investment, we all aim to make money, but protecting our principal is always the first priority. If the principal is gone, no matter how good the market is, making money will basically have nothing to do with you. Now hackers have advanced technology. When you come to the crypto market, you must always be vigilant. In this case, most of the mines are buried without your knowledge. For example, some people like to take advantage of airdrops, or click on some links, web pages, download some apps, small exchanges, etc. Many people think that they don’t need to pay anything anyway, and they can get some benefits. Little do they know that it is because of your small actions that your funds may be at risk of being stolen, because as long as you click on random links or download some random apps, they will have a way to authorize your wallet. Maybe you can still see the money in your account, but when you want to transfer it, you find that you can’t transfer it out, because the money is already in the hacker’s wallet at this time, so everyone is very panic about this incident, but I personally think that there is nothing to panic about this matter. As long as you don’t click on random links, web pages, and don’t download some random apps, these problems will not occur. So you must pay attention to it. In this market, you must always be vigilant and respectful, and protect your principal!
Regarding the market, the continuous decline since the early morning of June 8th is really uncomfortable. BTC has fallen by $5,000 from its high of $72,000, and Ethereum has fallen from $3,977 to $3,500. The callback is still quite severe! As mentioned in the previous article, opportunities often exist in every decline, not in the rise. Therefore, while it is uncomfortable, we are also planning for future returns. There is no market that only falls but not rises. We must always believe that this year's overall market will definitely be better than last year! So, maybe it will pass if we resist!
The ETF hype of Ethereum will definitely come again. Currently, many Ethereum series products are at low levels. This is a good opportunity to ambush and increase positions. Buy when the price drops and sell when the price rises! As for what to buy in the Ethereum series, focus on L2 and the pledge sector. After all, the American Ethereum ETF is unlikely to provide pledge services. This is actually good for the varieties in the pledge track. Secondly, the new products ENA and ETHFI are the two most familiar to me. LDO and SSV are both strong series. ETC performed mediocre this round, but when the trend of Ethereum really comes, its performance will not be too bad, just like the rise of BTC, BCH will also be pulled up! So ETC itself is hot!
In addition, in this wave of decline, you may find that the newly launched varieties are particularly volatile. They rise rapidly and fall sharply. Therefore, new products have their opportunities and risks. What we need to do is to face new products, how to control our positions and do a good job of risk control, so that we can earn the wealth we want in the high volatility of these varieties!
Market opportunities will always exist. In fact, as investors, the most important thing is to protect the principal, protect the principal, and protect the principal! Therefore, don’t be too concerned about temporary gains and losses. What is more important is to keep your position alive before the trend comes!
In addition, the FOMC meeting at 2 a.m. on the 13th will be one of the most critical meetings this year, because Powell will give the clearest hint so far on the timetable for interest rate cuts. Although the non-farm data exceeded the target, the previous data showed an economic recession, and Powell's speech should be dovish.
In addition to the FOMC meeting at midnight on the 13th, the CPI data at 8:30 pm tomorrow is also quite important. Judging from the current trend, there is a high probability that there will be a chance of a bottoming out and rebound. After all, we must always believe that the bull market is still there and it is far from over! Therefore, temporary market weakness does not affect the long-term trend. We must ride on the trend and follow the trend!
The deeper the decline, the deeper the squat and the stronger the explosive power. Just wait patiently for the trend to come! The US is about to hold an election, and Europe has also begun to cut interest rates. The signal released after this Fed meeting should not be too bad. Buy at the decline and do it!
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