The market has fluctuated like a roller coaster in recent days, many traders seem driven by adrenaline, competing to chase price highs.
However, when you are ready to enter the market with confidence, those experienced traders have quietly exited or are gradually locking in profits. Why do you always buy high and sell low, repeatedly falling into traps set by others, and continue to incur losses?
You lack a systematic trading strategy, trading solely based on impulse, unable to distinguish between real and false trading signals, thus easily falling into the traps of seasoned traders.
Most people desire to get rich overnight, which is precisely the fundamental reason they cannot accumulate lasting wealth. Only a few understand the value of patience and discipline, ultimately achieving financial freedom.
It's time to break out of the cycle of impulsive trading, reflect calmly, and focus on building a trading system that suits you.
Currently, the weekly structure of altcoins has significantly weakened, but the monthly structure remains robust, indicating that the overall market is still in an upward trend, yet more attention should be paid to risk management rather than blindly chasing prices.
With the emergence of numerous bullish traps, altcoins are entering a market adjustment phase, and caution is particularly warranted at this time.
In the current market environment, it is crucial to act cautiously. While it is not advisable to easily open short positions, one should also take profits at high points and wait for more favorable entry opportunities.
The support of the monthly structure remains strong, indicating that the medium-term upward trend has not changed, but patience is key.
The 4-hour chart shows that the price is testing previous resistance levels, with significant selling pressure around $97,500 and $98,500.
On the daily chart, the price trend shows divergence, suggesting that the market may further adjust.
The weekly structure has been breached, indicating that the market is in an adjustment phase, but the monthly structure remains solid, and the overall upward trend of the market has not changed.
ETH shows a divergence with upward movement while facing resistance
Ethereum shows an upward divergence but is approaching the adjustment range.
On the 4-hour chart, Ethereum is testing previous highs, with resistance levels at $3,500, $3,800, $4,200, and $4,600.
Although these price levels face selling pressure and the market may experience a short-term adjustment, the medium-term upward trend remains optimistic, thanks to a robust monthly structure.
Ethereum weekly structure: weakened; monthly structure: robust
Altcoins are poised for a surge
Altcoins are entering a consolidation phase, waiting for the overall market adjustment to end.
Among the 350 monitored altcoins, less than 50 maintain a weekly structure, and 120 maintain a monthly structure, significantly decreasing stability.
If the number of altcoins with a stable monthly structure exceeds 150 or the total number of altcoins with stable weekly and monthly structures exceeds 110, then the altcoin season may truly arrive.
Key structure insights (comparison with today and yesterday):
Weekly structure: reduced from 52 to 45.
Monthly structure: reduced from 250 to 110. Total number of stable weekly and monthly structures: decreased from 48 to 42.
These data highlight the cooling of market sentiment, especially in the altcoin sector.
Reject emotional trading, do not blindly chase prices, as most quick profits have already been harvested by seasoned traders.
Focus on learning, take this opportunity to build a trading system that suits you. Distinguishing between real and false market trends is the key to success.
Facing bullish traps, avoid opening shorts, but take profits at high points, and wait for a sufficient adjustment before looking for entry opportunities. The current phase of market adjustment is a time for observation and strategy refinement, not excessive trading.
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