January 8

Handsome Guy Research Report

Yesterday, BTC suddenly dropped sharply with increased volume, with no negative fundamentals observed. The expectation is that it was affected by the decline in U.S. stocks, with a significant downward movement that was unforeseen. The tactics of the market manipulators are difficult to predict. It is recommended to observe during the day and wait for the downward momentum to decrease and stabilize before taking action. For those who have been advised to accumulate previously, hold on and wait for further increases. A new round of rising cycle is about to begin, and the long-term outlook remains unchanged. The bull market continues, and there are still multiple positive factors ahead such as interest rate cuts and FTX liquidity injections. Stay optimistic.

ETH followed BTC with a synchronized drop in volume, returning to the previous state overnight. Observe during the day and wait for stabilization before taking action. The new rising cycle is about to start. The support level for intraday pullbacks can be considered for continued follow-up.

The altcoin sector followed the mainstream with a synchronized decline, experiencing a significant drop. Observe during the day and wait for stabilization. For those who have already entered the altcoin market, continue to hold SATS and consider cashing out around 50. For medium-term holdings, targets can be set around 80. After reducing CKB holdings, continue to hold and wait for ecosystem breakthroughs. For those still holding FTM, consider reducing holdings, while POLYX can be held for now, and ACT should be maintained.

Fundamental news: None

Primary market information:

Recently, on-chain MEME has been recovering, keep an eye on it. DOGECAST has begun to have speculative expectations, nearly doubling in the past two days. Those who have positioned well can choose to reduce holdings, but personally, I suggest waiting for a breakout.

Intraday support and resistance for mainstream coins:

For today’s intraday market, BTC has support at 95,500-96,000 and resistance at 97,500-98,500. ETH has support at 3,300-3,350 and resistance at 3,430-3,480.

Today's Greed and Fear Index: 70 (Greed) CMC shows 54.