October 24

Handsome Guy Research Report (Original Handsome Guy Investment Research Society was shut down)

Yesterday, BTC dropped again, briefly falling below 66000 to around 65300, then quickly recovered, exceeding daily expectations. The short-term drop still shows no significant bearish signals and is purely the result of capital dumping. It is expected that the 'dog traders' are washing and adjusting, and completing this process will be more beneficial for future increases. Currently, the daily trend remains good, MA3 has formed a crossover, and the 4-hour downward momentum is beginning to weaken. It has also started to recover quickly, regaining lost ground. The drop is only temporary and there is no need for concern; the upward trend remains unchanged. Those who have built positions should hold, while those who haven't should consider entering on the pullback. There are several positive factors ahead, including the upcoming elections, interest rate cuts, and liquidity from FTX. Stay optimistic; the mid-stage of the bull market is starting.

ETH follows BTC in a synchronized pullback, briefly falling to around 2450, then quickly recovering. The drop exceeded expectations, with ETH showing a larger pullback compared to BTC and a very volatile downward slope. Currently, the 4-hour downward momentum is beginning to weaken, and the pullback has reached a pause. Pay attention to the resistance at 2650. The ETH ecosystem continues to warm up, with increasing on-chain activity. The launch of an independent market is not far off. Those who have entered should hold, while those who haven't are advised to follow along; a new round of upward cycles is about to start.

The altcoin sector is synchronously adjusting with BTC, with minor drops. SATS should continue to be held, aiming to sell around 50; medium-term holding could see it reach around 80. PEOPLE is expected to perform well before the November elections. CKB should continue to be held after reducing positions while waiting for ecological explosions. The altcoin sector should patiently wait for mainstream adjustments to complete, considering entering other quality coins for medium-term deployment, such as SSV, BB, DOGS, etc. FTM should be held, while FB remains inactive, waiting for the ecosystem to warm up.

Fundamental news: None

Primary market information:

RGB++ continues to be monitored, recent interest is not very good.

The rune market has shown some recovery; friends who previously bought DOG are advised to hold for the long term.

SOL, SUI, and ETH's on-chain 'meme coins' have been active recently; keep an eye on them for short-term speculative opportunities.

Daily mainstream coin support and resistance:

Today's market: BTC support at 66000-66500, resistance at 68000-68500; ETH support at 2470-2520, resistance at 2600-2650.

Today's greed and fear index: 69 (Greed)

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