Greetings traders and investors, here's the latest market update:
Phase Progression:
The fifth phase structure for the current strategy has been finalized, with the system awaiting a clear signal to initiate trades under this framework. The market continues to show signs of structural changes, requiring a careful approach to capitalize on opportunities while minimizing risks.
General Market Outlook:
From the current data, the weekly structures of both the broader market and Ethereum have dissipated, while their monthly structures are fully formed. At this stage, we observe inducements for a bullish market, though it’s crucial to prioritize risk management over aggressive trading.
Most altcoins are exhibiting signs of correction. The disappearance of weekly structures, combined with completed monthly structures, suggests that the altcoin market is likely to remain in a corrective phase for now. The strategy remains cautious:
Avoid aggressive shorts.
Take profits on positions during market peaks.
Monitor structure-based targets for additional profit opportunities.
Overall Market Trend: The market remains in a correction phase, with notable selling pressure emerging at key levels.
Detailed Market Breakdown:
Broader Market (BTC and Major Tokens):
4-Hour Chart: Divergence at high levels, with selling pressure identified near $89,000 and $91,000. These levels act as critical resistance, and the market is likely to continue its corrective movement from here.
Daily and Weekly Support Levels: These supports remain intact, offering a base for a potential medium-term bullish continuation.
Ethereum (ETH):
4-Hour Chart: Ethereum is consolidating at high levels, with notable selling pressure identified around $3,400, $3,600, and $3,800.
Short-Term Trend: Expect a correction from these resistance levels.
Medium-Term Trend: Bullish, supported by intact structural formations.
Altcoins (General Overview):
Current Trend: Corrections dominate the altcoin market, presenting buying opportunities for long-term investors.
Action Plan: Continue monitoring altcoins for dips while preparing to re-enter positions during corrections.
Key Metrics and Monitoring:
Altcoin Weekly Structures: Increased to 44/50, indicating growing activity.
Altcoin Monthly Structures: Rose to 240/245, signaling market strength at longer time frames.
Weekly and Monthly Structures Combined: Increased to 42/45, indicating improving structural support.
Altcoin Season Trigger:
For a new altcoin season to begin, the following conditions must be met:
Monthly structures exceeding 140.
Weekly and monthly structures combined exceeding 90.
Final Notes:
The broader market remains under correction but shows medium-term bullish potential.
Ethereum and altcoins are under short-term selling pressure, providing potential buy-the-dip opportunities.
Traders are advised to prioritize risk management and monitor key levels carefully.
⚠️ Disclaimer: This report is based on personal analysis and insights and should not be taken as financial advice. Trading involves significant risk; proceed with caution and make informed decisions.
Additionally, we are offering free assistance to 10 individuals to help build personalized trading systems. If you’re interested, refer to the details outlined in our previous communications.