Thank you, Master, for the reminder. You've worked hard 🍮🌹🙏

December 12, 2024 08:00-12:00
Hello brothers and sisters, here is the work report:
A reminder to all the new brothers and sisters joining the circle, do not enter new coins too early or stay away from new coins. For old coins, consider the structural patterns before proceeding.
A reminder to contract brothers and sisters, do not touch contracts under a trading system without million-level data support; focus on practicing with spot trading to accumulate experience.

A reminder to spot trading brothers and sisters, first learn the structural system, practice making structural trades, understand the structural system, and continually build a structural thinking framework.

Wealth comes from accumulation, opportunity lies in waiting, and patience is the foundation of trading.

Global Outlook:
Currently, the overall market and Ethereum weekly structure have disappeared, but the monthly structure is complete. There is significant selling pressure at high positions, and less support at lower positions. Risks of price spikes are high, and it is very difficult to trade contracts; it is advised to avoid contracts at this position.
In terms of overall operations, there is high volatility, with spot trading as the focus. The weekly structure of structural trades has disappeared, but the monthly structure remains intact, so the first and second take-profit positions can still be watched.

The fifth phase of structural trades has been filtered out, waiting for entry signals, and will be released when the time is right.

Overall summary of the market: High volatility
The price on the 4-hour chart is blocked by the previous high, continuing to test daily support. The structure shows that the market has increased selling pressure at 102000 and 105000, with high volatility cycles, while the daily and weekly support continues to hold.
Market weekly structure: Weekly structure has disappeared, awaiting the emergence of a new structure.
Market monthly structure: Monthly structure is complete.

Overall summary of Ethereum: High volatility
The price on the 4-hour chart continues to rebound while testing daily support. The structure shows significant selling pressure at 3800, 4000, and 4800, indicating high volatility.
Ethereum weekly structure: Weekly structure has disappeared, awaiting the emergence of a new structure.
Ethereum monthly structure: Monthly structure is complete.

Overall summary of altcoins: Waiting for new structural trades to enter
Monitoring range: 330 altcoins on Binance
Comparison of structures from yesterday and today:
Weekly structure: 35/40 Slight increase in quantity
Monthly structure: 50/43 Slight decrease in quantity
Weekly and monthly structure: 50/45 Slight decrease in quantity

Recently, I am offering free assistance to help 10 people build their trading systems. Please refer to the acknowledgment letter for details.

⚠️ Attention! All the trades shared are based on personal experience and should not be considered investment advice. Trading involves risks, and caution is required when entering positions.