November 22

Handsome Guy Research Report (Formerly Handsome Guy Investment Research Society has been closed)

Yesterday BTC continued to rise, currently breaking through 98500, exceeding yesterday's expectations, in line with the recent expectation of new highs. The current 4-hour trend remains healthy, continuing to maintain an upward trend, with no negative news in the fundamentals, only the greed index is relatively high. Pay attention to market sentiment, it's expected to touch the 100,000 mark during the day, with a significant short-term rise, already approaching the 100,000 range. It is suggested that those who are still holding should start to reduce their holdings in batches, take profits, and reduce their holdings by about 30%. The remaining amount should wait for the subsequent market development. The daily level remains healthy, the upward trend remains unchanged, keep the confidence. There are still multiple favorable factors such as interest rate cuts and FTX liquidity injections coming up, maintain optimism, and the mid-term of the bull market is starting.

ETH followed BTC and rose synchronously, breaking through with a significant volume yesterday, in line with the expectation of a rebound. Currently, it has broken through 3300, pay attention to the support situation at 3250 during the day. After the consolidation, it is expected to rebound. The current 4-hour level still has upward momentum, and the expectation is to continue the rebound.

The altcoin sector followed ETH and rose synchronously, generally showing slight increases. SATS continues to hold, rising to around 50 to clear positions, and medium-term holdings can be seen to around 80. PEOPLE is still not ideal and can be swapped out. Those who still have confidence can continue to hold, CKB can continue to hold after reducing holdings and wait for ecological expansion, FTM maintains holding. FB has had unusual movements recently, as Binance's mining pool has joined with a wave of increase, but it is not a clear positive for the ecology, which still needs development.

New altcoin suggestions focus on ACT, which has very good community building, a new track, a new sector, AIMEME series. Currently, GOAT has not yet entered the major market with a market cap of 1 billion, and ACT is expected to become a new leader, with a potential market cap of over 1 billion. Keep up with the building and hold well.

Fundamental news: None

Primary market information:

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

The runes market has somewhat recovered, friends who previously bought DOG are advised to hold long-term.

The on-chain MEME sector remains hot recently, need to keep paying attention.

Mainstream coin support and resistance for today:

Today's market, BTC support below 97000-98000, resistance above 99000-100000, ETH support below 3200-3550, resistance above 3400-3450.

Today's greed and fear index: 94 (extreme greed) CMC shows 87. The greed index has soared, be cautious of risks, mainstream should appropriately reduce holdings, and altcoins must have stop-losses.

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