Part 1: Previous Session Review

Yesterday was a defensive session for the book. We took one trade in ETHUSD and closed it as a loss, finishing the day at 0 wins, 1 loss, and -44.4 net pips.

The key takeaway is not to overreact to a single losing trade, but also not to ignore what the market is saying. ETHUSD remained sensitive to intraday liquidity shifts, and the failed setup suggests that follow-through was weaker than expected once price moved away from the entry zone.

From a process perspective, this is the type of session where position sizing and trade selection matter more than prediction. When volatility is uneven and confirmation is thin, forcing a second entry often creates more damage than opportunity.

Part 2: Today’s Outlook & Watchlist

There is no high-impact red news scheduled for today, so the session is likely to be driven more by technical structure, liquidity pockets, and broader risk sentiment than by a single calendar catalyst.

ETHUSD stays on the watchlist after yesterday’s loss, but the focus now is patience. We want to see whether price can reclaim short-term structure with conviction or whether sellers continue to defend rallies. A clean break and hold above intraday resistance would improve the long case, while rejection near supply could keep downside pressure active.

BTCUSD is also worth monitoring as the broader crypto benchmark. If BTCUSD trades heavy, ETHUSD longs should be treated with more caution. If BTCUSD stabilizes and volume improves, ETHUSD may offer cleaner continuation setups.

With no major news event to anchor volatility, the practical approach is simple: avoid chasing the first move, wait for liquidity to settle, and keep risk tight until the market shows a cleaner directional bias.