October 16
Handsome Research Report
BTC continued to rise yesterday, reaching 67950 in a short time and then retreating quickly. The dog dealers were crazy about washing Heyue, and both long and short positions exploded. After cleaning up Heyue, the road was cleared for subsequent rises. The upward trend remained unchanged in the early morning. It has now stood above 67000. The golden cross on the daily axis has been formed. The market will continue to rise in the future. It will continue to be bullish during the day. Pay attention to the key resistance level of 68000-68500. There is a pullback, which is also short-term. It is a technical repair and does not affect the trend. The weekly golden cross will go further. When the weekly golden cross is formed, the big bull will start Signals, those who have built a collection should keep holding, and those who have not built a collection should hurry up to build a collection. Don't wait, otherwise you will miss the entire bull market. There will be many favorable factors such as the election, interest rate cuts, and FTX fund release. Stay optimistic. The expectation of the big cycle has never changed. The bull market expectation is still built on
ETH's growth is weaker than BTC, and the callback is larger. The resistance above 2600 is large. After BTC stabilizes, ETH will follow up and make up for the rise. The ETH ecosystem continues to warm up, and the activity on the chain continues to increase. It is not far from the start of the independent market. Those who have started should keep holding, and those who have not started should keep It is recommended to follow up, a new round of rising cycle is about to start. The altcoin sector did not rise synchronously with BTC. After BTC stabilizes, the altcoin will follow up and make up for the rise. SATS will continue to be held. When it rises to around 50, it will be cleared and exited. The mid-term holding can be seen to be around 80. PEOPLE will have good expectations before the November election in the mid-term. CKB will continue to hold after reducing its holdings and wait for the ecological outbreak. The altcoin sector will patiently wait for the mainstream adjustment to be completed. Consider following up with other high-quality currencies to build holdings, such as SSV, BB, DOGS, etc. for mid-term deployment. FTM will remain held, and FB will not be moved for the time being. Waiting for the ecosystem to recover
Fundamental news: None
Primary market information:
RGB++ continues to pay attention, the recent heat is not very good
The rune market has recovered, and friends who have bought DOG before are recommended to hold it for the long term
SOL, SUI, and ETH chain local dogs are active recently, you can pay more attention to them, there are short-term speculation opportunities
Intraday mainstream currency support and resistance:
Today's intraday market, BTC's lower support is 66000-66500, and the upper resistance is 68000-68500. ETH's lower support is 2520-2550, and the upper resistance is 2670-2720
Today's Greed and Fear Index: 73 (Greed)
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