September 12
Handsome Research Report
BTC fluctuated greatly yesterday. After the CPI data was released, it fell first and then rose. The data met the positive expectations, but it did not rise directly. It fell first and exploded the long orders. Then it started to rise. The dog dealer's operation was very powerful. Many old friends were scared and suspected that there was a mistake in judgment. At present, the big cake has broken through the strong resistance level of 58,000. If it can stand firm, ETH and altcoins may follow the rise. It continues to be bullish in the past two days. Just wait until the two days before the interest rate cut to prepare for defense. The interest rate cut is approaching. There is a high possibility of a callback before the start of the interest rate cut cycle and in January and February. This is the case for every round of interest rate cuts, but the big cycle is absolutely positive. You need to wait patiently. The expectation of a 50 basis point interest rate cut in September has dropped , the big cycle expectations have not changed, and the bull market expectations are still built on
ETH rose synchronously with BTC and stood above 3650. It is expected to make up for the rise during the day. You can consider continuing to buy. ETH's on-chain GAS has fallen to a new low in 5 years. The on-chain environment is sluggish and has almost touched the bottom line. Keep holding. A new round of rising cycle is not far away
The cottage sector has not followed the mainstream and has risen significantly. SATS continues to hold. Clear the position and leave when it rises to around 50. The mid-term holding can be seen to around 80. PEOPLE mid-term will have good expectations before the November election. CKB can consider continuing to follow up. Hold on and wait for subsequent positive news. PIZZA has a lot of callbacks, and some are still holding PIZZA SWAP online stage
Fundamental news: Unemployment benefit data will be released at 8:30 tonight, please pay attention
Primary market information:
RGB++ continues to pay attention, SEAL has recently adjusted, waiting for more positive news from RGB++, and you can consider buying in batches later
The rune market is still sluggish, wait and see
Fractal Bitcoin mainnet has been launched, and the block has reached a height of 21,000 (4 days later) and officially started trading. Pay attention to the development of the ecosystem. FB had few airdrops in the early days, so pay attention to the high-quality projects of its ecosystem
Intraday mainstream currency support and resistance:
Today's intraday market, BTC's lower support is 55,700-56,200, and the upper resistance is 58,800-59,500. ETH's lower support is 2280-2330, and the upper resistance is 2470-2520
Today's Greed and Panic Index: 31 (Fear)
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