Market Update (10:00-12:00)
Greetings traders! Here's a detailed update on the current market situation:
There appears to be minimal selling pressure above current levels, yet prices aren't breaking out upwards. Similarly, there’s a lack of strong buying support below, yet the market isn’t collapsing either. Liquidity in both spot and derivatives markets is limited at this price range, creating an environment where operators seem to manipulate the market on their own. This zone is often a trap for traders, designed to mislead and confuse. Hold your ground, protect your capital, and stay prepared for a significant breakout.
Trading Guidelines for Beginners
For those new to trading or lacking a robust strategy, it’s critical to avoid taking unnecessary risks:
Avoid buying newly listed tokens.
Refrain from chasing price pumps or trying to predict bottoms.
Stay away from leveraged trades, including futures and contracts.
Instead, focus on understanding the foundations of trading and building a solid system before taking real positions.
Market Outlook
General Market Overview
The market is currently in a high-level oscillation phase, with Ethereum and other key assets reflecting this trend. Price action is characterized by low liquidity and intensified false moves to mislead traders. Derivatives markets, particularly contracts, are currently unfavorable due to heightened risk and uncertainty. Focus on spot trading and track first and second take-profit zones, where opportunities might still exist.
Ethereum Analysis
On the 4-hour chart, Ethereum continues testing its daily support zones, signaling a battle between buyers and sellers.
Selling pressure remains strong around $4,100 and $4,900, creating resistance levels.
Ethereum is following a high-level oscillation structure, requiring traders to be cautious with their entries.
Altcoin Analysis
Many altcoins lack clear entry signals at the moment. Continue to monitor structural developments and wait for confirmation before making any moves.
Altcoins will present new opportunities when fresh market structures emerge.
Market Structures: Then and Now
Here’s how the market’s structure has shifted compared to yesterday:
Weekly Patterns: Active patterns dropped significantly from 120 to 65.
Monthly Patterns: Increased slightly, from 240 to 265, indicating more stability.
Dual Patterns (Weekly + Monthly): Sharp decline, from 210 to just 60.
Key Observations
On the 4-hour timeframe, the broader market continues to rebound while showing signs of hesitation near resistance levels like $104,000, $106,000, and $112,000 for Bitcoin.
Support levels on daily and weekly timeframes remain effective, ensuring some degree of stability for the moment.
Weekly structures are incomplete, so patience is required until a clearer direction forms.
On a monthly timeframe, the structure is more defined, allowing traders to look for higher time-frame take-profit levels.
Actionable Insights
1. The fifth phase structure has been identified but requires confirmation for entry. Signals will be shared once conditions align.
2. Focus on spot trades during this high-level oscillation phase, avoiding leveraged trades that can amplify risk.
3. Ethereum’s current resistance levels should be closely watched, while maintaining awareness of stronger selling pressure zones.
Important Reminder
The insights provided here are based on personal experience and are not investment advice. Trading involves significant risks, and every decision should be made cautiously and based on your own research. Protect your capital and wait for clear, high-probability opportunities before entering trades.
Final Note
For those looking to develop a professional trading strategy, I’m currently offering free assistance to 10 individuals to help them build effective systems. If you're interested, refer to the latest announcement for more details.
Stay vigilant and disciplined—success in trading lies in preparation and patience..
#BinanceLaunchpoolVANA #MicroStrategyJoinsNasdaq100 #CryptoUsersHit18M #BitcoinKeyZone