November 27
Handsome Guy Research Report (originally Handsome Guy Investment Research Society was closed)
Yesterday, BTC continued to adjust and consolidate, with no obvious negative news. The adjustment range was relatively large, briefly dropping below 91,000, exceeding expectations. The greed index has declined somewhat. The adjustment and consolidation are normal situations, as there has been a significant increase recently, and 100,000 for BTC is a major resistance level. It is difficult to break through all at once. After the adjustment, it is a buildup of strength for the second round of charge. Currently, the downward momentum on the 4-hour level has weakened somewhat. The expectation for the day is consolidation, paying attention to the support situation at 91,000. The daily level still needs to consolidate, and the upward momentum is starting to weaken. It is expected that there will be adjustments in December. The long-term expectation remains unchanged; the bull market is still ongoing, but preparations for adjustments should be made. There are still several positive factors such as interest rate cuts and FTX liquidity releases. Stay optimistic; the mid-term of the bull market is starting.
ETH follows BTC in a synchronized adjustment and consolidation, with a small drop, briefly falling to 3,250. Currently, the downward momentum on the 4-hour level is starting to weaken, and the K-line trend is relatively healthy. After breaking through the heavy resistance level of 3,500, there is continued upward momentum. Pay attention to changes in trading volume during the day; there is a chance to continue catching up. Pay attention to BTC's support situation; if there is no significant decline, ETH is expected to begin to catch up.
The altcoin sector is undergoing light consolidation along with mainstream coins, with most altcoins not following BTC's downward trend. Liquidity is gradually shifting to the altcoin sector. SATS continues to hold, aiming to cash out around 50. Medium-term holdings can look towards 80. PEOPLE has yet to show growth and may be swapped out; those still confident can continue to hold. CKB continues to hold after reducing holdings, waiting for ecological breakthroughs. Those still holding FTM can reduce their holdings. FB is on the sidelines. Recently, all increases have been in high market cap coins; be patient and wait for sector rotation.
New altcoin recommendation: pay attention to ACT, as community building is very good; new track, new sector, AIMEME series. Currently, GOAT has not yet entered the major market with a market cap of 1 billion. ACT is expected to become a new leader, with the potential to exceed 1B in market cap. Keep up with the building and hold well.
Fundamental news: None for now.
Mainstream coin support and resistance for the day:
In today's market, BTC has support at 91,000-92,000 and resistance at 94,000-95,000, while ETH has support at 3,250-3,300 and resistance at 3,500-3,600.
Today's greed and fear index: 75 (Greed) CMC shows 80. The greed index has slightly adjusted; be cautious of risks, mainstream coins should reduce holdings appropriately, and altcoins must carry stop-loss.
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