December 6
Handsome Guy Research Report (formerly Handome Guy Investment Research Society was banned)
Yesterday, BTC broke through 100,000, briefly consolidated, and then started to pull back. This morning, it suddenly dropped to around 90,000 and quickly recovered, with a decline exceeding expectations. There were no negative fundamentals observed; it may be a clearing and adjustment by the market makers to remove obstacles for future rises. After BTC broke through the heavy resistance at 100,000, market confidence increased, and the expectation for continued rise is stronger. Today, pay attention to the support situation at 95,500, expecting to continue rising after the consolidation is completed. Tonight, the non-farm payroll data will be released, and the current expectations look good, indicating a strong start for December. The long-term outlook remains unchanged; the bull market is still ongoing, but we should also prepare for possible pullbacks. There are several favorable factors ahead, such as interest rate cuts and liquidity release from FTX, so stay optimistic. The mid-term of the bull market has started.
ETH is consolidating in sync with BTC, with less decline compared to BTC. The K-line trend remains healthy, and there is hope for continued catch-up today, aiming to break the key resistance at 4,000.
The altcoin sector has not followed the mainstream in the pullback; most altcoins continue to rise. Liquidity is returning, which is a good signal. SATS should continue to hold, and when it rises to around 50, consider cashing out. For medium-term holding, it can be looked at around 80. PEOPLE has not shown growth for a long time; it can be swapped out. Those who still have confidence can continue to hold. After reducing positions in CKB, continue to hold and wait for ecological breakthroughs. Those holding FTM can consider reducing their positions, while POLYX can continue to hold.
For new altcoins, it's recommended to pay attention to ACT, which has excellent community building, new track, and new sector. The AIMEME series is promising. Currently, GOAT has not entered the large market with a market value of 1 billion. ACT is expected to become a new leader with potential to exceed a market value of 1 billion, so keep up with the accumulation.
Fundamental news: Pay attention to non-farm payroll data tonight, expected to be favorable.
Primary market information:
Continue to pay attention to RGB++, recent popularity has not been very good.
The rune market has somewhat recovered; friends who bought DOG previously are advised to hold long-term.
The on-chain MEME sector remains hot; continuous attention is needed. DOGECAST has a good narrative and can be considered for ambush, waiting for the narrative to start.
Daily mainstream coin support and resistance:
In today's market, BTC support is at 95,500-96,000, resistance is at 99,000-100,000; ETH support is at 3,720-3,770, resistance is at 3,900-4,000.
Today's greed and fear index: 72 (Greed) CMC shows 81. The greed index remains high; be cautious of risks. Mainstream coins should reduce positions appropriately, and altcoins must have stop-loss measures in the short term.
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