December 9, 2024 Monday 08:00-12:00
Hello brothers and sisters, here is a work report:
In the past few days, I've been browsing square information. Many people are buying at high prices, thinking they can make a million. Why do you think you must make a million just because you bought at a high price? Not chasing high prices feels like missing out on a million.
Let me say a few more words to advise everyone, especially beginners. Trading opportunities are something you have to wait for. If there are no trading opportunities, be patient and wait. If you don't have a trading system, focus on learning and building your own trading system.
Overall thinking:
Currently, the overall market and Ethereum structure are emerging, waiting to form a complete structure.
The overall market is experiencing high-level fluctuations with increasing selling pressure, and there is significant selling pressure on Ethereum. The overall situation is a high-level fluctuation market, with high risks of price spikes, making it very difficult to trade contracts. It is recommended to avoid trading contracts in this position.
At this point, aside from structural trades, it is advised to reduce positions when prices rise and secure profits.
The altcoin structure is mostly appearing, and the chasing high sentiment still exists.
The longer the fluctuations last, the more trapped positions will accumulate. Once again, I remind you not to chase high prices!
In terms of overall operations, due to high-level fluctuations, the focus is on spot trading, while structural trades can continue to observe the first and second profit-taking points.
The fifth batch of structural trades has been selected and will be launched at the right time.
Overall market summary: High-level fluctuation market
4-hour price tests upward but faces resistance. Daily cycle shows high-level divergence; the market has slight selling pressure at 105000, 110000, and 120000. The high-level fluctuation cycle has effective daily and weekly support.
Market weekly structure: A weekly structure is emerging and waiting to be complete.
Market monthly structure: Monthly structure is complete.
Ethereum overall summary: Divergence upward, following the overall market's high-level fluctuations.
4-hour price is consolidating sideways, daily cycle shows high-level divergence, structure indicates significant selling pressure at 4300 and 4500, in a high-level fluctuation market.
Ethereum weekly structure: A weekly structure is emerging and waiting to be complete.
Ethereum monthly structure: Monthly structure is complete.
Altcoin overall structure: Waiting for new structural trades to enter.
Monitoring range: 330 altcoins on Binance.
Comparison of structures between yesterday and today:
Weekly structure: 276/286 Slight increase in quantity
Monthly structure: 271/270 Slight decrease in quantity
Weekly and monthly structure: 47/251 Quantity has multiplied.
Judgment range for the start of the altcoin season:
Monthly structure greater than 150, or weekly and monthly structure greater than 100.
Recently, I am providing free help to 10 people to build a trading system. Please refer to the thank-you letter for details.
⚠️ Attention! All shared trades are based on personal experience and should not be considered investment advice. Trading carries risks; please enter with caution.
