December 16

Handsome Guy Research Report (Weibo Handsome Guy is back)

Over the weekend, BTC continued to rise, and this morning it surged past previous highs, in line with expectations. The current trend remains healthy, and a golden cross is about to form again on the daily chart. A slight adjustment is expected during the day before continuing to rise. The daily golden cross formation is a clear bullish signal. Pay attention to the status of the golden cross formation, and there will be interest rate cuts this week, continuing to look bullish towards the 110,000-115,000 range. Any pullback can be followed up, and the long-term outlook remains unchanged. The bull market is still ongoing, but be prepared for pullbacks. Several positive factors are coming, such as interest rate cuts and FTX liquidity injections. Stay optimistic; the mid-term of the bull market is starting.

ETH is rising in sync with BTC. This morning, it broke through the key resistance level of 4000, in line with expectations. Currently, a golden cross is forming on the 4-hour chart. A slight adjustment is expected during the day before continuing to rise, with a solid stand above the key resistance level of 4000, which can be lightly followed up.

The altcoin sector is rising in sync with the mainstream. Most altcoins have not risen much, while mainstream coins are stabilizing. A continued rise is expected during the day. SATS should continue to be held, with a sell-off around 50. Mid-term holding can look towards 80. After reducing CKB, continue to hold and wait for ecological explosions. Those still holding FTM can consider reducing their holdings. POLYX can continue to hold, while ACT should be maintained.

Fundamental news: Pay attention to the interest rate cut process this week.

Primary market information:

The rune market has somewhat recovered; friends who previously bought DOG should consider holding long-term.

Recently, the on-chain MEME sector is still hot, and continuous monitoring is needed. DOGECAST has a good narrative and can be considered for a position in anticipation of narrative activation.

Mainstream coin support and resistance during the day:

Today's market: BTC support at 103500-104000, resistance at 106000-107000; ETH support at 3900-3950, resistance at 4050-4100.

Today's greed and fear index: 83 (extreme greed) CMC is at 80.

Stay tuned for the handsome guy's return; the latest research report is out.