October 23

Handsome Guy Research Report (Formerly Handsome Guy Investment Research was banned, new Weibo account Handsome Guy Study Society)

Yesterday, BTC was consolidating sideways with slight corrections, no obvious negative news was seen, still purely capital being dumped. It is expected that the market makers are washing and adjusting. After the adjustment, it will be more beneficial for the subsequent rise. Currently, the daily trend remains good, MA3 crossover has formed, and the 4-hour downward momentum is starting to weaken. During the day, pay attention to the support line of 66000-66500, waiting for the end of the correction. If it corrects to this range, appropriate accumulation can be considered. The correction cycle won't be long, so there's no need to worry. Those who have already accumulated should hold on, and those who haven't can enter during the correction. There are still multiple positive factors ahead, including the upcoming elections, interest rate cuts, and FTX capital release. Stay optimistic as the mid-term bull market is about to start.

ETH is following BTC's consolidation, continuing slight corrections, briefly dropping to around 2600. During the day, the same attention should be paid to the support line of 2550-2600, waiting for the end of the correction. If it corrects to this range, consider accumulating. The ETH ecosystem is continuously warming up, on-chain activity is steadily increasing, and the independent market launch is not far off. Those who have entered should hold on, and those who haven't are advised to follow up as a new round of rising cycle is about to start.

The altcoin sector is synchronously consolidating with BTC, with minimal declines. Continue to hold SATS, and clear out around 50 during the rise. For mid-term holding, it can be looked at around 80. PEOPLE should have good expectations before the November elections if held long-term. After reducing CKB, continue holding and waiting for ecosystem explosion. The altcoin sector should patiently wait for mainstream adjustments to complete, considering following up with other quality coins for mid-term deployment, such as SSV, BB, DOGS, etc. Keep holding FTM, and FB remains untouched for now, waiting for the ecosystem to warm up.

Fundamental news: None

Primary market information:

RGB++ continues to be monitored, recent interest has not been great.

There is some recovery in the rune market, previous DOG buyers are advised to hold long-term.

SOL, SUI, and ETH chain dogs have been active recently, worth paying attention to for short-term speculative opportunities.

Mainstream coin support and resistance levels for the day:

For today's market, BTC support is at 66000-66500, resistance at 68000-68500; ETH support is at 2550-2600, resistance at 2670-2720.

Today's greed and fear index: 71 (Greed)

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