General Overview:
The broader market, alongside Ethereum, maintains a short-term upward trajectory as both the weekly and monthly technical structures remain intact. However, selling pressure at critical resistance levels has started to intensify, signaling potential volatility. The market appears to be approaching a mid-structural phase, which often brings heightened price fluctuations.
Altcoins, on the other hand, are in the process of forming a weekly structure while their monthly formations are already established. Should the overall market stabilize or continue its upward move this week, altcoins could witness a breakout in their weekly structures, presenting clear entry opportunities. For now, patience is key as we wait for the right signals.
Trading Strategy:
Spot Positioning: For traders holding high spot positions, consider unlocking positions gradually when prices test resistance zones.
Profit Targets: Previously identified take-profit zones have played out successfully. Although structural entry positions have dissipated for now, the first and second profit-taking targets remain relevant and can still be monitored.
Next Opportunity: The fifth round of structural positions is under review. Stay vigilant for clear entry signals before launching new trades. Timing remains crucial to minimize risk and maximize gains.
Guidance for New Traders 🕒
For newcomers or traders lacking a clear system, here are key reminders:
1. Avoid New Listings: Refrain from jumping into newly launched tokens.
2. No Chasing Highs or Lows: Do not buy coins at their peaks or attempt to catch falling knives.
3. Avoid Leveraged Trading: Stay away from contracts and futures until you develop a reliable trading strategy.
4. Focus on Learning: Invest time in understanding trading systems before actively participating in the market.
Market Summary:
Short-Term Trend: The market remains in an upward trend but has met strong resistance on the 4-hour chart. Selling pressure is notable around $108,000–$110,000 for the overall market. Support on the daily and weekly charts remains intact, providing a safety net for the upward momentum.
Weekly Structure: Largely completed for the broader market.
Monthly Structure: The overall monthly structure remains robust and fully formed.
Ethereum Analysis:
Ethereum mirrors the broader market's behavior with a short-term upward trend but is facing strong resistance. Recent highs around $4,000–$4,500 have triggered pullbacks, with substantial selling activity noted at levels near $4,800.
Weekly Structure: Fully complete, signaling medium-term strength.
Monthly Structure: The monthly framework remains solid, confirming Ethereum’s resilience in the current market phase.
Altcoin Performance:
Altcoins remain in wait-and-watch mode as new structural opportunities develop. Current market conditions suggest entry points will emerge once weekly structures break out.
Coverage: Monitoring 330 altcoins across Binance.
Structural Comparison (Yesterday vs Today):
Weekly Formations: Reduced to 18 from 33, indicating a decline in active weekly signals.
Monthly Formations: Dropped slightly to 220 from 260.
Combined Weekly & Monthly: Reduced to 55 from 64, reflecting moderate structural consolidation.
Community Update:
Currently, 2,400 participants are following the market strategy. As a gesture of appreciation, I will be selecting 10 individuals to receive free guidance on spot trading strategies. Full details are available in the thank-you note.
⚠️ Disclaimer: All market positions and strategies discussed are based on personal analysis and experience. This content is not financial advice. Always approach trading with caution and evaluate risks before making any decisions.
Stay focused, trade wisely, and remain patient for the next opportunity.
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