Hello everyone! Here’s a detailed update on the current market situation and our outlook for the upcoming days:

Market Overview: The Bigger Picture

The crypto market has experienced a notable pullback, impacting altcoins significantly. As we approach next week, we’re entering a critical phase where bulls and bears will battle for control. To make informed decisions, we must understand the broader market framework and pinpoint strategic entry opportunities.

Key Observations:

1. General Market Trends:

The weekly market structures, particularly for Ethereum, have weakened, giving way to more prominent monthly patterns.

Prices have entered a mid-range testing zone, indicating increased market volatility.

For altcoins, while the monthly structure remains intact, weekly patterns are emerging. A sharp move in the near term could solidify these structures, presenting potential entry opportunities. For now, it’s advisable to stick to spot trading and avoid hasty actions.

2. Market Conditions:

Altcoins are currently oscillating, with signs of a rebound. Savvy traders are taking positions at higher levels and gradually selling near peak prices to manage risk.

Earlier structural trading orders are under review. While weekly structures have faded, monthly structures are still holding strong. We are focusing on first and second profit-taking targets as market conditions evolve.

Structural trading orders from phase five are being analyzed, with entry signals being closely monitored for timely execution.

Trading Tips for Beginners:

If you’re new to trading or lack a solid trading system, here are some key guidelines:

Avoid buying newly launched coins without thorough research.

Don’t chase rising prices or attempt to catch bottoms.

Stay away from high-risk activities like leveraged trading or futures contracts.

Never invest with borrowed funds or credit.

Focus on education. Learn the basics of a reliable trading system before entering the market.

Market Summary:

Short-Term Market Trends: The market is currently in a short-term pullback. The 4-hour chart shows a bounce from daily support, with the possibility of testing weekly support again soon. Key resistance levels are at 102,000 and 108,000, with selling pressure indicating continued pullback.

Overall Market Weekly Structure: Weekly patterns have faded.

Overall Market Monthly Structure: The monthly structure is now solidly formed, showing clear trends.

Ethereum Analysis:

Ethereum is also in a pullback phase. On the 4-hour chart, prices have rebounded but have yet to fully test weekly support. Resistance levels are at 3400 and 3900, with strong selling pressure. The short-term trend suggests further pullbacks, with weekly support likely to be tested multiple times.

Ethereum Weekly Structure: Weekly patterns have faded.

Ethereum Monthly Structure: Monthly patterns are solid, providing directional guidance.

Altcoin Market Insights:

Altcoins are in a holding pattern, awaiting the formation of new structural trade opportunities. The monthly structure remains intact, while weekly patterns are developing, and promising entry points may appear soon. For now, patience and careful monitoring are key.

Tracking Range: Over 320 altcoins listed on Binance are being monitored for structural changes.

Comparison of Structures (Yesterday vs. Today):

Weekly Structures: Reset to 0.

Monthly Structures: Increased to 190 from 180, indicating growth in overall patterns.

Weekly-Monthly Overlaps: Reset to 0.

Educational Opportunity: Learn Spot Trading

To assist traders with understanding these structural setups, we are offering free training to 15 individuals on the spot trading structure system. If you’re serious about learning, check the thank-you letter for details on how to join.

This market is at a crucial turning point, and the right knowledge can make all the difference. Stay patient, trade wisely, and let’s navigate this volatile phase with confidence and strategy!