November 12

Handsome Guy Research Report (Formerly Handsome Guy Investment Research Society was banned)

Yesterday BTC surged again with significant volume, showing no signs of correction or consolidation, continuously breaking new highs, greatly exceeding expectations, and the trend is very strong. Many indicators are already over the limit. Currently, the daily chart has 8 consecutive upward days, and it is consolidating around 87500. At this stage, I no longer dare to accumulate large amounts, patience is needed to wait for sideways consolidation, and after a slight adjustment, further considerations will be made. Pay attention to whether there are significant positive developments in the fundamentals recently. Especially after the new appointment, the related ZC is expected to maintain a fluctuating upward trend. Those with confidence can continue to wait for subsequent increases. The daily chart remains healthy, and the upward trend has not changed. Maintain confidence; there are still multiple positives such as interest rate cuts and FTX funds being released, stay optimistic, and the mid-term bull market has started.

ETH followed BTC's rise yesterday, with a weaker increase than BTC, continuing to wait for a catch-up. With BTC stable, ETH will continue to follow, but currently, there are divergence signals on the 4-hour chart that need attention. However, the market environment is still hot, and indicators can be ignored. ETH is likely to continue to rise. Today, pay attention to whether it can hold above 3300; if it can consolidate at this position, continue to be bullish, targeting 3500 first. A new round of the upward cycle has already started.

The altcoin sector did not follow BTC's rise synchronously, waiting for ETH to catch up. Altcoins will follow again. Hold patiently, waiting for a comprehensive explosion of altcoins. Continue to hold SATS, cash out around 50, and for medium-term holding, it can be looked at around 80. PEOPLE remains unchanged, and can be exchanged out; those with confidence can continue holding. FTM maintains holding, FB remains inactive for now, waiting for the ecosystem to warm up.

For new altcoins, it is recommended to follow ACT, which just went live on Binance yesterday, with a 20x profit in the primary market. The community building is very good, new track, new sector, AIMEME series, expected to become a leader. Currently, GOAT has not yet entered the big market with a market cap of 800 million, and ACT is expected to become a new leader. A position can be established near 0.45, with adjustments for accumulation; the target is to double, with a market cap expected to exceed 1 billion.

Daily mainstream coin support and resistance:

Today's market, BTC support at 86000-86500, resistance at 89500-90000; ETH support at 3200-3250, resistance at 3450-3500.

Today's greed and fear index: 80 (extreme greed) CMC shows 87, the greed index has soared, be cautious of risks, mainstream needs appropriate reductions, and altcoins must have stop-losses in the short term.

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