November 24, 2024 08:00-12:00

Hello siblings, here is a work report:

The entire cryptocurrency market, particularly altcoins, is currently in the early stage of a structural solo launch. After an initial rise, it has begun to enter a correction and is transitioning to a mid-term uptrend, with the momentum expected to be more intense. If you do not understand structural solos and simply want to make money, just pay attention to the issued structures. If you want to learn about structural solos, you can refer to the thank-you letter explanation, which offers free guidance on building a structural system.

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Overall market summary: High position divergence consolidation, correction imminent.

The price continues to test upward on the 4-hour chart. The market has significant selling pressure at the 100,000 position, requiring about 200 million USD (approximately 1.5 billion RMB) to alleviate some of this selling pressure. If the upward trend continues, it will need around 200 million USD more to push the market. The selling pressure remains significant, and as long as it continues to be effective, the market will continue to see corrections. The daily and weekly support levels are valid, with short-term corrections expected, while the mid-term outlook remains bullish.

Market weekly structure: Complete weekly structure.

Market monthly structure: Complete monthly structure.

Ethereum overall summary: Selling pressure is less than the overall market, high position divergence rising.

The price on the 4-hour chart has not touched the daily line for a strong rebound, showing divergence and rising. The daily and weekly support levels are valid, with the structure indicating selling pressure at 3400, 3500, and 4000, short-term corrections expected, and a mid-term bullish trend.

Ethereum weekly structure: Complete weekly structure.

Ethereum monthly structure: Complete monthly structure.

Altcoin overall structure: Early launch stage, structure complete, waiting for correction to accumulate.

Monitoring range: 330 altcoins on Binance.

Comparison of yesterday's and today's structure:

Weekly structure: 213/264 Quantity increased.

Monthly structure: 181/216 Quantity increased.

Weekly and monthly structure: 160/188 Quantity increased.

Judgment range for the altcoin season opening:

Monthly structure greater than 150, or weekly and monthly structure greater than 100.

Altcoin summary: The altcoin season is still ongoing, hold onto your spot assets, set good take-profit and order prices.

Operational aspect: Structural solos have been issued, place orders within the entry range, hold on and don't be afraid of market fluctuations.

Trading logic: When a structure appears, fully invest in multiple cryptocurrencies; when the structure disappears, exit gradually; do not hold empty positions without structure.

Recently providing free help to 10 people to build their own trading systems. If needed, please refer to the thank-you letter for details.

Note ⚠️ All issued trades are based on personal experience and should not be considered investment advice. Trading involves risks, and caution is advised when entering trades.