Check in with Brother Wen!

December 21, 2024 08:00-12:00
Greetings, brothers and sisters, here is a work report:
The overall market has experienced a wave of pullback, severely impacting the entire altcoin sector. Next week, the market is expected to reach a critical moment of contention between bulls and bears. Understanding the overall structure is necessary to find entry windows for structural trades.

Overall Thoughts:
The overall market and Ethereum's weekly structure have disappeared, and the monthly structure has completely emerged.
Prices have entered the weekly testing range, with the market entering a mid-structural position and a period of significant volatility.

The altcoin sector is brewing a weekly structure, with the monthly structure complete. If the market experiences high-level fluctuations or rallies this week, it will lead to the overall altcoin weekly structure, at which point there will be entry opportunities. For now, let's continue to wait for spot trading.

Overall Operations:
The overall altcoin daily structure has begun to oscillate and rebound, pursuing high spot orders and gradually offloading at peaks to release positions.
The published structural orders have seen the weekly structure disappear, while the monthly structure has emerged; we will continue to look for the first and second take-profit positions.

The fifth phase of structural orders has been filtered out, awaiting entry signals, to be released at the right time.

New Trader Reminder ⏰
For newcomers or those without a trading system, do not buy new coins, do not chase highs or bottom fish, do not engage in contracts or futures, do not use borrowed money or credit cards to buy coins; first, learn the trading system for free before trading.

Overall Market Summary: Short-term Pullback Market
The 4-hour price has rebounded at the daily support level and will test the weekly support. The structure shows significant selling pressure at 105000 and 110000 in the market, with the short-term pullback trend continuing and the weekly support remaining effective.
Overall Market Weekly Structure: Weekly Structure Disappeared
Overall Market Monthly Structure: Monthly Structure Completely Emerged

Ethereum Overall Summary: Short-term Pullback Market
The 4-hour price has not touched the weekly support level and has rebounded. The structure shows significant selling pressure at 3500 and 4000 for Ethereum, with the short-term pullback trend continuing; the weekly support will be repeatedly tested and remain effective.
Ethereum Weekly Structure: Weekly Structure Disappeared
Ethereum Monthly Structure: Monthly Structure Completely Emerged

Altcoin Overall Summary: Awaiting New Structural Order Entry
Monitoring Range: 330 Altcoins on Binance
Comparison of Structures Yesterday and Today:
Weekly Structure: 0/0 Quantity Reset
Monthly Structure: 200/210 Slight Increase in Quantity
Weekly Monthly Structure: 0/0 Quantity Reset

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⚠️ Attention! All the orders shared are personal experiences and should not be considered investment advice. Trading carries risks; please be cautious when entering positions.