December 11

Handsome Guy Research Report (Original Handsome Guy Investment Research Society has been banned)

Yesterday, BTC continued to adjust and correct, briefly falling below 95,000 and quickly recovering, which is in line with expectations. There are no negative fundamentals observed, and the downward momentum is beginning to weaken. A rebound is expected within the day, continuing to monitor the support situation at 95,000-95,500. If this level is broken, it will continue to decline. A slight follow-up can be made during the day. The long-term expectation remains unchanged; the bull market is still on, but one should also be prepared for pullbacks. There are several positive factors to come, including interest rate cuts and FTX funds being released. Maintain optimism as the mid-term bull market is set to start.

ETH followed BTC in a synchronous correction, briefly dropping to around 3,520, which is in line with expectations. The downward momentum is starting to weaken. Continue to monitor the support situation at 3,500-3,550, with a rebound expected within the day. A slight follow-up can be made.

Altcoin sector followed the mainstream for a synchronous correction, with most altcoins experiencing a significant decline. Most altcoins have entered an oversold state on the 4-hour chart. Those with positions can build up in batches and lightly intervene, with a rebound expected to begin within the day. This is the ultimate shakeout before the altcoin explosion, holding the last drop. Continue to hold SATS. Yesterday, there were negative news regarding the inscription sector, which was not sent by Binance's official Twitter, so it should not be considered. Those with confidence can continue to hold, and when prices rise to around 50, consider selling. For mid-term holding, it can be looked at around 80. After reducing positions in CKB, continue to hold and wait for ecological explosion. Those still holding FTM can reduce positions, and POLYX can continue to hold.

For new altcoins, it is recommended to pay attention to ACT. The community building 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, with a market cap likely to exceed 1 billion. Keep up with building positions.

Fundamental news: Today's CPI data is announced, please pay attention.

Primary market information:

Continue to pay attention to RGB++, recent popularity is not very good.

The rune market has recovered somewhat; those who previously bought DOG may consider holding long-term.

The on-chain MEME sector remains hot recently, continuous attention is needed. DOGECAST has a good narrative and can be considered for a stealth entry awaiting narrative initiation.

Mainstream coin support and resistance for the day:

Today's intraday market, BTC support below is 95,000-95,500, resistance above is 98,000-99,000, ETH support below is 3,520—3,570, resistance above is 3,800-3,850.

Today's greed and fear index: 74 (Greed) CMC shows 73.

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