December 17

Handsome Guy Research Report (The handsome guy on Weibo is back)

Yesterday, BTC continued to rise, breaking through new highs as expected. The current trend remains healthy, with a golden cross formed on the daily chart. The expectation is for continued upward movement today; the daily golden cross is a clear bullish signal. Focus on this week's interest rate cuts as a positive factor, with expectations to continue bullish to the 110,000-115,000 range this week. Corrections can be followed up on. The long-term outlook remains unchanged; the bull market continues, but be prepared for corrections. There are several positives ahead, including interest rate cuts and the influx of funds from FTX. Stay optimistic; the mid-term of the bull market has started.

ETH has risen in sync with BTC, now breaking through the critical resistance level of 4000 as expected. The downward momentum on the daily chart is also reducing, and the expectation is for continued upward movement today, which can be lightly followed.

The altcoin sector has risen in sync with the mainstream, with most altcoins seeing modest gains. The mainstream breakthrough situation mentioned in yesterday's live stream, PENDLE and EIGEN, have both seen good gains. Pay attention to ETH sector coins; ETH's rise will pull up altcoins. The expectation is for continued upward movement today. SATS should be held, and sold around 50. For mid-term holdings, a target of around 80 is reasonable. After reducing holdings in CKB, continue to hold and wait for ecological explosion. For those still holding FTM, consider reducing holdings; POLYX can continue to be held, and ACT should be maintained.

Fundamental news: Focus on this week's interest rate cut process.

Primary market information:

The rune market has recovered somewhat; friends who previously bought DOG are advised to hold long-term.

Recently, the on-chain MEME sector remains hot; continued attention is needed. DOGECAST has a good narrative; consider laying low and waiting for the narrative to kick off.

Mainstream coin support and resistance today:

Today's market: BTC support at 104500-105000, resistance at 107000-108000; ETH support at 3950-4000, resistance at 4100-4200.

Today's greed and fear index: 87 (extreme greed); CMC shows 81. The greed index has surged again; pay attention to risk control.

Stay tuned for the handsome guy's return; the latest research report is here.