November 30, 2024 08:00-12:00
Hello brothers and sisters, here is a work report:
Overall approach:
The overall market and Ethereum weekly structures have disappeared, the monthly structure is complete, the bullish market is intensifying, and avoiding risks is more important than trading.
Due to most of the altcoin weekly structures disappearing, the monthly structure is complete, altcoins will maintain a downward trend.
In terms of overall operations, we look bearish but do not short, taking profits on highs. Structural trades can continue to look for the first and second take profit positions due to the weekly and monthly structures.
Overall summary of the market: correction in progress
4-hour price surged and then dropped, upper resistance is effective,
Market at 99000, 100000 positions have selling pressure, and the selling pressure is still very large, the bullish market is obvious, the market continues to look for correction. Daily and weekly support is effective, medium-term continues to look bullish.
Market weekly structure: weekly structure disappeared
Market monthly structure: monthly structure complete
Overall summary of Ethereum: divergence rising, about to correct
4-hour price consolidating at a high level, structure shows selling pressure at both 3600 and 4000, with significant selling pressure, short-term correction, medium-term bullish trend. Ethereum weekly structure: weekly structure disappeared
Ethereum monthly structure: monthly structure complete
Overall structure of altcoins: waiting for a correction to take positions
Monitoring range: 330 altcoins on Binance
Comparison of yesterday and today's structures:
Weekly structure: 40/33 Quantity decreased
Monthly structure: 227/238 Quantity increased
Weekly and monthly structure: 45/40 Quantity decreased
Judgment range for altcoin season opening:
Monthly structure above 150, or weekly and monthly structure above 100.
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⚠️ Attention! All sent orders are personal experiences and should not be considered investment advice. Trading carries risks, and entry should be cautious.