Hello brothers and sisters, here’s the report:
The alarm from 8 AM has just been processed. Monitoring 330 cryptocurrencies on Binance, there were 94 alarms, an increase from 37 alarms in the early morning.
First, let's talk about the overall market. Currently, the market's 4-hour price has hit a resistance area near the previous high and is consolidating, but daily and weekly support remains stable. Whether the market can start a monthly level trend will be a key week next week. Brothers and sisters, please pay attention to the information in a timely manner.
Details:
At 8 AM, we continued to observe the structure of 330 cryptocurrencies repeatedly. Some altcoins have shown signs of structural weakness, no longer following the market structure. Altcoins are still somewhat conservative; when the market hits the previous high, some altcoins abruptly brake. The market still needs more catalysts. However, the weekly structure of the market remains strong. As long as the market continues to hold high support, many altcoins will still complete their structural gathering during this time.
Alarm information and structural analysis are as follows:
Market weekly structure: Weekly structure has emerged and remains intact.
Market monthly structure: Undergoing development, continuing to observe the monthly structure.
Altcoin weekly structure: Altcoin structure follows the market’s weekly structure.
Altcoin monthly structure: Undergoing development, some follow the market.
The conclusion is: wait for the weekly structure to appear.
In terms of operations: only when the weekly structure appears, the monthly structure is still developing, exit at the previous high position, and set good take-profit and stop-loss.
Trading logic: Do not trade unless the structure appears; buy with full position when the structure appears; exit gradually when the structure disappears.
Longguo stock market opening situation: Bearish.
Details:
The market's 4-hour price continues to move lower with bearish candles, as neither the weekly nor monthly structures have appeared, and the overall trend is still testing the daily and weekly lines.
Weekly structure: Not appeared.
Monthly structure: Not appeared.
Today
USD exchange rate: Strengthening, testing the previous weekly high resistance.
EUR exchange rate: Support rising, testing the previous daily high resistance.
JPY exchange rate: Support rising, far from the previous daily high resistance.
RMB exchange rate: Continuing to test downward, testing the weekly support.
The conclusion is: Mid-term stocks continue to be bearish.
In terms of operations: Stay in cash and wait for the structure to appear.
Note ⚠️ All provided signals are based on personal experience; trading carries risks, and entry should be cautious.