Hello siblings, here's the report:
The alarm from 8 AM has just been dealt with, monitoring 330 cryptocurrencies on Binance, with 94 alerts, an increase from 37 alerts in the early hours.
First, let's discuss the overall market. Currently, the 4-hour price has touched the previous high range and is facing resistance and consolidation, but the daily and weekly supports remain stable. Whether the market can initiate a monthly-level trend will be crucial next week. Siblings, please stay updated with the information.
Details:
At 8 AM, we continue to observe the structure of 330 cryptocurrencies repeatedly. Some altcoins are showing signs of weakening structure and are no longer following the overall market structure. Altcoins are still somewhat conservative; when the market encounters previous highs, some altcoins hit the brakes. The market still needs more catalysts. However, the weekly structure of the overall market remains positive. As long as the market maintains high support, many altcoins will continue to consolidate their structures during this time.
Alarm information and structural analysis as follows:
Overall market weekly structure: Weekly structure appears, structure remains intact
Overall market monthly structure: In preparation, continue to observe monthly structure
Altcoin weekly structure: Altcoin structure follows the overall market's weekly structure
Altcoin monthly structure: In preparation, some follow the overall market
The conclusion is: waiting for the appearance of the weekly structure
Operational aspect: Only with the appearance of the weekly structure; the monthly structure is still in preparation, exit at the previous high position, and set proper stop-loss and take-profit.
Trading logic: Do not trade without the structure appearing; buy in full when the structure appears; exit gradually when the structure disappears.
Stock market opening situation in the Dragon Country: Bearish
Details:
Overall market price continues to decline with bearish candles in the 4-hour timeframe, as neither the weekly nor monthly structures have appeared, and the overall trend still tests the daily and weekly levels.
Weekly structure: Not appeared
Monthly structure: Not appeared
Today
US Dollar exchange rate: Strengthening upwards, testing weekly previous high resistance
Euro exchange rate: Support upwards, testing previous day's high resistance
Yen exchange rate: Support upwards, still far from previous day's high resistance
Renminbi exchange rate: Continuing downwards, testing weekly support
The conclusion is: Stock medium-term continues to be bearish
Operational aspect: Stay in cash and wait for the structure to appear
Note ⚠️ All shared trades are personal experiences; trading involves risk, please be cautious when entering.