Good morning, everyone! Here's the detailed market update and strategy for the day:
Phase Five Plan Update
The fifth phase structural setup has been fully prepared, and we're closely monitoring for the right entry signals. Once the signal emerges, the fifth phase orders will be executed. Stay focused and patient—this step requires precision timing.
Market Overview
The market is currently undergoing a correction phase. The selling pressure around $95,000 is gradually softening, creating potential breakout opportunities both upward and downward. Despite this, the room for a downward correction remains significant, presenting a cautious trading environment.
Ethereum Outlook: Ethereum continues its upward divergence but faces substantial selling resistance at key levels like $3,600, $3,700, $3,800, and $4,300. Although the medium-term trend remains bullish, short-term corrections are expected as selling pressure intensifies.
Altcoin Performance: The disappearance of most weekly structures and the presence of complete monthly structures suggest that altcoins are primed for a correction phase. This calls for patience and careful monitoring for better entry points.
Strategic Insights
1. Market Sentiment: The disappearance of the weekly structure combined with a fully formed monthly structure indicates a short-term correction across the board. Avoid high-risk trades for now—managing risk is the priority.
2. Profit-Taking Approach: The current trend suggests a bearish outlook with corrective movements. This creates opportunities for taking profits during upward swings. Focus on first and second take-profit targets due to the market’s structural behavior.
3. Altcoin Observations: Monthly structural trends remain dominant, while corrections in altcoins are still ongoing. Avoid chasing trades—wait for clear correction signals to align with structural patterns.
Market Breakdown
Market Structure (4-Hour): Selling pressure around $95,000 is easing, but support below remains weak, creating potential volatility in both directions. Corrections dominate the short term, but the medium-term outlook remains bullish.
Weekly Structure: Most weekly structures have disappeared, creating a neutral to bearish sentiment.
Monthly Structure: Fully formed monthly structures indicate stability in the medium term, allowing for cautious optimism.
Ethereum Key Observations
Ethereum’s price consolidation around $3,600–$3,800 is met with considerable resistance, pointing to an imminent short-term correction. Medium-term momentum remains positive, with the completed monthly structure supporting an eventual bullish continuation.
Altcoin Monitoring Update
We’re tracking 320+ altcoins on Binance, watching for corrections before initiating new positions. The structural count shows:
Weekly Structures: Increased slightly to 35/45.
Monthly Structures: Improved to 240/250.
Weekly + Monthly Structures Combined: Holding steady at 45/45.
Altcoin Season Watch
The altcoin season trigger range remains:
Monthly structures above 160 or
Combined weekly and monthly structures above 110.
Trading Note:
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⚠️ Disclaimer: All strategies shared here are based on personal experience and should not be seen as financial advice. Always trade responsibly and make informed decisions.