October 26

Handsome Guy Research Report (originally Handsome Guy Investment Research Society was closed)

Today BTC suddenly corrected with a significant magnitude, affected by a black swan event, the U.S. Treasury may impose sanctions on Tether (USDT), leading to some panic selling. Additionally, this morning, Israel and Iran clashed again, causing further panic, with consecutive declines in volume, dropping to around 65500, and has quickly recovered to just above 67000. Currently, the 4-hour downtrend momentum is still not strong, the daily level remains healthy, and the weekly golden cross has formed. The upward trend remains unchanged; stay confident and pay attention to the latest fundamental news. The non-farm payroll data next Friday looks a bit unhealthy, so be prepared for defensive strategies. If BTC rises above 68000 again but cannot hold, those who have accumulated should consider lightening their positions. For those who haven’t accumulated, wait for a pullback and adjustment. There are still multiple favorable factors ahead, such as the elections, interest rate cuts, and FTX fund injections; remain optimistic, the mid-term bull market is about to start.

ETH follows BTC with a synchronous decline, with a more noticeable drop, showing more weakness compared to BTC, and is more heavily impacted by the black swan event, causing altcoins to fall in sync. ETH's 4-hour downtrend momentum is beginning to weaken, and a pullback adjustment is about to conclude, but overall still remains weak. Recently, it has repeatedly entered the oversold zone. Currently, we are watching if BTC can hold above 68000, which would give ETH a chance to follow suit. The ETH ecosystem is continuously warming, on-chain activity is increasing, and the independent market cycle is not far off. Those who have already entered should hold, and those who haven’t are advised to follow in; a new round of upward cycles is about to start.

The altcoin sector follows BTC with a synchronous decline, a broad market drop. The altcoin sector is more aligned with ETH’s situation; let’s wait for ETH to catch up before altcoins follow. SATS has recently corrected significantly, continuously entering the oversold zone; continue to hold and wait for a rebound, and consider cashing out around 50. For mid-term holdings, it can be looked at around 80. PEOPLE has a good expectation for the mid-term before the November elections. CKB should continue to hold after reducing holdings and wait for the ecosystem to explode. The altcoin sector should patiently wait for mainstream adjustments to conclude and consider accumulating other quality coins.

Fundamental news: None

Daily mainstream coin support and resistance:

Today's market, BTC support at 66000-66500, resistance at 68000-68500. ETH support at 2400-2420, resistance at 2520-2570.

Today's greed and fear index: 72 (Greed)