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December 1, 2024 08:00-12:00 First day of December
Hello brothers and sisters, here is the work report:
The fifth phase structure order has been sorted out, waiting for the entry signal to appear. Once the entry signal appears, the fifth phase structure order will be launched, please be patient.

Overall thinking:
Currently, the market pressure at 100000 is gradually decreasing, while the downward correction space is relatively large, opening up space both above and below the market.
Ethereum maintains a divergence upward, with considerable selling pressure above.
From the structure, it shows that both the market and Ethereum's weekly structure have disappeared, with a complete monthly structure. At this position, there is a clear inducement for long positions, and avoiding risk is greater than trading.

Based on the disappearance of most of the altcoin weekly structures and the completeness of the monthly structure, altcoins will maintain a correction trend.

In terms of overall operations, the overall view is bearish but not shorting, taking profits on the way up. The structure order can continue to look at the first and second take-profit positions due to the weekly and monthly structures being present.

Overall summary of the market: correction in progress
The 4-hour price continues to decline, with selling pressure at the market 100000 position,
Selling pressure is weakening, and the support below is relatively weak, opening up space both above and below the market. Currently, the structure shows a clear inducement for long positions, and the market continues to look for correction. Daily and weekly support is effective, with a continued bullish outlook in the medium term.
Market weekly structure: weekly structure disappeared
Market monthly structure: monthly structure complete

Overall summary of Ethereum: divergence upward, about to correct
The 4-hour price is consolidating at a high level, with structures showing selling pressure at 3700, 3800, 3900, and 4500, with considerable selling pressure, leading to a short-term correction and a medium-term bullish trend.
Ethereum weekly structure: weekly structure disappeared
Ethereum monthly structure: monthly structure complete

Overall structure of altcoins: waiting for correction to enter
Monitoring range: 330 altcoins on Binance
Comparison of structures between yesterday and today:
Weekly structure: 33/41 Quantity increased
Monthly structure: 238/243 Quantity increased
Weekly and monthly structure: 40/40 Quantity maintained

Judgment range for the start of the altcoin season:
Monthly structure greater than 150 or weekly and monthly structure greater than 100.

Recently providing free help to 10 people to build your own trading system, please refer to the thank-you letter for details.

⚠️ Note! All orders issued are personal experiences and should not be considered investment advice. Trading carries risks, and entry should be cautious.