November 25
Handsome Guy Research Report (original Handsome Guy Investment Research Society was closed)
This weekend BTC made a slight downward adjustment, a corrective market, which meets expectations. Currently, the 4-hour chart is still in repair, and further adjustments are needed. It is recommended that those who are holding should reduce their holdings to protect profits. Currently, there are no negative fundamentals, but the greed index is relatively high. Pay attention to market sentiment, expect intraday consolidation, and a divergence phenomenon has appeared on the daily level. The upward momentum is beginning to weaken, expecting a correction in December. The overall long-term expectation remains unchanged, the bull market is still ongoing, but be prepared for corrections. There are still multiple favorable factors such as interest rate cuts and FTX fund releases ahead, stay optimistic, and the mid-term of the bull market is starting.
ETH is following BTC with synchronous adjustment and consolidation. Pay attention to BTC's trend. If BTC can maintain sideways movement, ETH is likely to continue to catch up and attempt to challenge the key resistance level of 3500. Pay attention to the support situation at 3250 during the day. After the consolidation ends, it is expected to catch up.
The altcoin sector is following the mainstream with slight adjustments, generally showing slight gains. SATS continues to hold, selling off around 50, and can see 80 for medium-term holding. PEOPLE is still not ideal and can be swapped out. Those who are still confident can continue to hold. CKB continues to hold after reducing holdings and waiting for ecosystem explosion. Those still holding FTM can reduce their holdings, FB is on hold, and recently rising are all high market cap coins, patiently waiting for sector rotation.
For new altcoins, it is recommended to pay attention to ACT, the community construction is very good, a new track, a new sector, AIMEME series. Currently, GOAT has not yet hit the big market with a market cap of 1 billion. ACT is expected to become a new leader and may reach a market cap of over 1 billion, so keep up with the construction.
Fundamental news: None
Primary market information:
RGB++ continues to pay attention, recent popularity is not very good.
The rune market has recovered somewhat, friends who previously bought DOG are advised to hold for the long term.
The on-chain MEME sector remains hot and needs to be continuously monitored.
Intraday mainstream coin support and resistance:
Today's intraday market, BTC support below 95500-96000, resistance above 98000-98500, ETH support below 3250-3300, resistance above 3450-3500.
Today's greed and fear index: 82 (extremely greedy) CMC shows 86. The greed index has slightly adjusted, be cautious of risks, mainstream should appropriately reduce holdings, and altcoins must have stop-loss.
Pay attention to the crypto handsome guy, the latest research report is early knowledge.