October 28
Handsome Guy Research Report (formerly Handsome Guy Investment Research Society was shut down)
This weekend, BTC saw a slight increase, briefly breaking through 68000 in the morning, and is currently consolidating. The 4-hour downward momentum is still not strong, and the daily level remains healthy; the upward trend remains unchanged. Stay confident and pay attention to the latest fundamental news. The non-farm payroll data next Friday currently looks a bit unhealthy, so prepare appropriate defensive strategies. If BTC cannot stabilize above 68000 for a sustained period, those who have built positions should consider slightly reducing their holdings. For those who haven't built positions, wait for adjustments and consolidations. There are still several positive factors ahead, such as the upcoming elections, interest rate cuts, and FTX fund releases. Stay optimistic; the mid-term bull market is starting.
ETH is rising in sync with BTC, but the magnitude is small. Pay attention to the breakthrough situation at the 2550 resistance level. Currently, ETH is still relatively weak; focus on BTC's stabilization situation, and ETH may follow. The current ETH ecosystem is continuously warming up, with on-chain activity increasing. The independent market rally is not far off. Those who have entered should hold; those who haven't are advised to follow in. A new round of upward cycles is about to start.
The altcoin sector is adjusting in sync with BTC, with no significant increases observed. First, wait for ETH to catch up before the altcoins follow. SATS has experienced considerable adjustments recently and has continuously entered the oversold zone. Hold on and wait for a rebound; unload when it rises to around 50. For medium-term holding, it can be seen up to around 80. PEOPLE dropped significantly over the weekend and will be observed this week. If there is still no obvious upward trend, consider exiting. After reducing holdings in CKB, continue to hold and wait for an ecosystem explosion. The altcoin sector should patiently wait for mainstream adjustments to finish before considering entering other quality coins. FTM should be held, while FB remains untouched, waiting for the ecosystem to warm up.
Fundamental News: Pay attention to this Friday's non-farm payroll, as the current values are not ideal.
Primary Market Information:
Continue to monitor RGB++; recent enthusiasm has not been very good.
The rune market has shown some recovery; friends who previously bought DOG are advised to hold for the long term.
The on-chain MEME sector remains hot; continuous attention is necessary.
Daily Mainstream Coin Support and Resistance:
Today's intraday market: BTC support at 66800-67300, resistance at 68500-69000; ETH support at 2420-2450, resistance at 2520-2570.
Today's Greed and Fear Index: 72 (Greed)
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