December 23, 2024 Monday 08:00-12:00 Hello brothers and sisters, here’s a work report: The market is still expected to decline, and the trend is undergoing a deep correction, looking for weekly support. But don’t panic; the market and the overall altcoin monthly structure have emerged, hold on to the principal, and wait for the weekly structure.
Global Outlook: The market and Ethereum's weekly structure have disappeared, and the monthly structure has emerged, continuing the corrective trend. Prices have all entered the weekly testing range, the market trend is in a mid-structure position, and the trend is entering a period of intense fluctuations.
Overall altcoins are brewing a weekly structure, and the monthly structure is complete. The overall altcoin weekly structure follows the market correction, looking for support this week, waiting to break out of the weekly structure.
Overall Operations: Chasing high altcoin spot orders, overall adding positions at the weekly level, waiting to exceed the entry average price to gradually unload at highs. The published structural orders have seen the weekly structure disappear, and the monthly structure has appeared, still continuing to wait for the first and second take-profit positions.
The fifth phase structural order has been selected, waiting for entry signals, to be launched at the right time.
New Trader Reminder ⏰ For beginners or those without a trading system, do not buy new coins, do not chase highs or catch bottoms, do not trade contracts or futures, do not use borrowed money or credit card money to buy coins, first learn the trading system for free before trading.
Overall Market Summary: Mid-term corrective trend The 4-hour price continues to move down to find support, looking for weekly support in a deep correction. The structure shows that the market's upper level has very little selling pressure at 105000 and 110000, and the weekly support remains effective. Market Weekly Structure: Weekly structure disappeared Market Monthly Structure: Monthly structure appeared
Ethereum Overall Summary: Mid-term corrective trend The 4-hour price continues to test the weekly line, the structure shows that Ethereum has very little selling pressure at 3500 and 3700, and the weekly support is effective. Ethereum Weekly Structure: Weekly structure disappeared Ethereum Monthly Structure: Monthly structure appeared
Overall Altcoin Summary: Waiting for new structural orders to enter Monitoring range: 330 altcoins on Binance Comparison of yesterday and today’s structure: Weekly Structure: 0/0 Quantity reduced to zero Monthly Structure: 180/100 Quantity decreased Weekly Monthly Structure: 0/0 Quantity reduced to zero
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