December 11, 2024 08:00-12:00
Hello siblings, here’s a work report:
The development of events follows certain rules and cycles. Grasping the window period for entry and exit is essential for stable profits. Operations outside the window period are merely attempts to lure investors, so avoid chasing highs and bottom fishing.
Overall Perspective:
Currently, the overall market and Ethereum weekly structure have disappeared, with a complete monthly structure. We are in a high-level consolidation market, with significant selling pressure above and relatively low support below. The risk of pinning down is considerable, making contracts very difficult to manage; it is advised to avoid contracts at this position.
In terms of overall operations, the high-level consolidation continues with a focus on spot trading. The weekly structure has disappeared, but the monthly structure remains intact. We can still continue to look at the first and second profit-taking positions.
The fifth phase structure has been filtered out and is waiting for an entry signal, to be launched at an opportune time.
Overall Market Summary: High-level consolidation market
The 4-hour price continues to test daily support, with the structure indicating increasing selling pressure at 100000 and 110000, within a high-level consolidation cycle. Daily and weekly support remains effective.
Overall Weekly Structure: Weekly structure has disappeared, waiting for structure to appear
Overall Monthly Structure: Monthly structure is complete
Ethereum Overall Summary: High-level consolidation market
The 4-hour price tests daily support, with the structure showing significant selling pressure at 3700, 3900, and 4800, within a high-level consolidation market.
Ethereum Weekly Structure: Weekly structure has disappeared, waiting for structure to appear
Ethereum Monthly Structure: Monthly structure is complete
Altcoin Overall Summary: Waiting for new structure to enter
Monitoring Range: 330 altcoins on Binance
Comparison of Structures Yesterday and Today:
Weekly Structure: 50/35 Slight decrease in quantity
Monthly Structure: 80/50 Slight decrease in quantity
Weekly and Monthly Structure: 45/50 Slight increase in quantity
Recently, I have provided free assistance to 10 people in building their trading systems. Please refer to the thank-you letter for details if needed.
⚠️ Attention! All shared orders are based on personal experience and do not constitute investment advice. Trading carries risks; please proceed with caution.
