November 2

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

Yesterday BTC continued to consolidate, with a surge in volume in the evening, but it quickly retracted. It is currently still fluctuating in the 69000-70000 range, with a long upper shadow appearing on the 4-hour level. There is significant resistance above, and patience is needed for further consolidation. The downward momentum is slightly weaker, and adjustments are also needed. Overall, the situation is not too concerning. Yesterday's non-farm payroll data was a surprise, but the market was not severely affected. Pay attention to the upcoming election situation in a few days. Those who have reduced their holdings should be patient for a few days; it is best to wait for clear signals from the election before considering entry. The daily level remains healthy, the upward trend is unchanged, and maintain confidence. There are still multiple positives ahead, including the election, interest rate cuts, and liquidity from FTX, so stay optimistic; the mid-term of the bull market is about to start.

ETH adjusted in sync with BTC yesterday, with a surge in volume on the 4-hour level, but it also quickly retracted. It is currently fluctuating around 2500. The downward momentum is slightly weaker, but the long upper shadow on the 4-hour level is not a good signal. Pay attention to the support level of 2400-2450; one can start to build positions here. ETH's trend is still weaker compared to BTC, and the ETH ecosystem is still not very active. As BTC breaks through and stabilizes, the rebound for ETH is just a matter of time. A new round of the upward cycle is about to start.

The altcoin sector is consolidating in sync with BTC. SATS continues to be held, waiting for a rebound. When it rises to around 50, consider cashing out. For medium-term holdings, it can be watched until around 80. PEOPLE continued to consolidate yesterday; observe this week, and if there is still no significant upward trend, consider exiting first. CKB can continue to hold after reducing holdings while waiting for ecosystem breakout. FTM continues to be held, and FB remains inactive for now, waiting for the ecosystem to recover.

Fundamental news: Pay attention to the election situation on November 5.

Primary market information:

RGB++ continues to be a focus; the recent heat is not very good.

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

The on-chain MEME sector remains hot, and continuous attention is needed.

Mainstream coin support and resistance for today:

Today's market situation: BTC support at 68500-69000, resistance at 70300-70800; ETH support at 2400-2450, resistance at 2530-2580.

Today's greed and fear index: 72 (Greed)

Pay attention to the crypto handsome guy; the latest research report is available.