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Analyst: Changes in the market structure lead to strategy adjustments, temporarily on hold

Analyst: Changes in the market structure lead to strategy adjustments, temporarily on hold

Bitget2024/10/10 03:16

According to analyst @MrKnowNull on X, a recent 30-minute market observation shows that due to changes in the market structure and the disappearance of downward momentum, previous long strategies have stopped and shifted to a wait-and-see mode. The analyst pointed out that the current market may be in the stage of forming daily line and 4-hour pivot, which requires three fixed-width transactions for further confirmation of trends. Investors should stay alert and decide their trading direction based on the strength or weakness shown in the 30-minute chart. For intraday traders, they can consider shifting from short to long strategy when maintaining a complete third sell structure.

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