Greetings, friends! Here’s today’s market update and work report:
If you’re currently experiencing significant losses in the market, holding onto positions with no clear exit strategy, and struggling with contracts, it’s time to pause and reassess. Take a step back, refocus, and educate yourself on trading structures. We offer free guidance on building structural systems to help traders improve. This initiative is for everyone who needs support—we’re committed to this belief and will continue to assist however we can.
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Strategic Market Overview
General Outlook:
Market Overview: A corrective trend dominates, reflecting the weakening weekly structures across most cryptocurrencies. Ethereum and altcoins show signs of structural divergence, with high selling pressure at key levels.
Primary Strategy: While the monthly structures remain intact, caution is essential. The market indicates a strong inducement for bullish trades, but risk management should take precedence. We maintain a bearish stance for the short term but will avoid initiating short positions. Instead, we aim to secure profits during market rallies.
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Market Analysis
Market Structure Summary:
Weekly Structures: Largely dissipated across the market, signaling weak short-term setups.
Monthly Structures: Still intact and providing a clear picture for mid-term opportunities.
Altcoins: Most are in a corrective phase, and the market will likely continue seeking accumulation before the next major trend.
Current Market Behavior:
On the 4-hour chart, sharp surges followed by pullbacks indicate high volatility.
Daily Cycle: Significant divergence observed, with strong selling pressure around the 99,000 and 101,000 levels.
Trend: While mid-term support levels remain valid, corrections are more likely in the short term.
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Ethereum-Specific Insights
Ethereum mirrors the broader market behavior:
Short-Term Trends: Prices remain elevated with significant divergence, indicating a potential correction ahead.
Selling Pressure Zones: Key levels include 3,800, 4,000, 4,200, and 5,000, where notable resistance is expected.
Mid-Term View: Despite short-term corrections, Ethereum maintains a bullish trend on the monthly structure, suggesting strength over the mid-term.
Structural Update for Ethereum:
Weekly Structure: No longer providing reliable signals.
Monthly Structure: Remains intact, offering a foundation for mid-term trading strategies.
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Altcoin Market Analysis
The corrective phase continues across most altcoins, creating opportunities for patient accumulation.
Criteria for Altcoin Season:
The monthly structure count should exceed 160, or both weekly and monthly counts combined should surpass 110. Current counts are below these benchmarks, signaling the market is not yet primed for a broad altcoin rally.
Monitoring Scope: Tracking the performance of 310 altcoins listed on Binance for structural changes.
Comparison of Structure Counts (Yesterday vs. Today):
Weekly Structures: Decreased from 52 to 49.
Monthly Structures: Dropped from 250 to 245.
Combined Weekly and Monthly Structures: Reduced from 47 to 45.
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Actionable Recommendations
Altcoins: Continue monitoring structural setups and focus on accumulation opportunities during corrections.
Ethereum: Be cautious of resistance at key levels and look for potential pullbacks to enter.
Overall Market: Prioritize risk management and avoid high-risk entries. Take profits during rallies rather than holding for extended gains.
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Special Announcement:
To help traders navigate these market conditions, I will assist 12 individuals in building personalized trading systems for free. This initiative aims to strengthen your trading foundation and improve long-term profitability. Reach out if you’d like to participate.
⚠️ Important Disclaimer:
All trade ideas are based on personal analysis and experience. This is not financial advice, and trading always carries risks. Please evaluate carefully and trade responsibly.
Thank you for your support, and let’s keep striving for success in the market.
