July 23

Handsome Shanzhai Research Report

BTC was sideways yesterday and did not continue to rise as expected. The volatility was not large. Today, we will focus on the positive news of the Ethereum ETF. There is a chance of a short-term explosive market. After the positive news of ETH is passed, we need to wait patiently for the selling pressure of Grayscale. Don’t follow blindly. You can consider partially reducing the holdings after the ETF is passed and wait for the subsequent short-term adjustment. At present, BTC has stabilized on the 120-day moving average. The market has officially reversed and is no longer a rebound. The mid-term bull market has officially started. The subsequent market will rise slowly. Wait for the main rising wave to come.

ETH is also sideways. The strong resistance level of 3520 has not been effectively broken. The ETF passed at 9:30 this evening. The general direction continues to be bullish. The positive news will be expected to have a short-term explosive market. The expected target is 3650-3700. However, it is expected to bear some selling pressure after the positive news is passed. It can be reduced after passing and wait for a short-term correction. The expected correction period is 1-2 weeks. At the same time, pay attention to whether the dealer will release negative news to cooperate with a deep correction. Pay attention to the subsequent ETH outflow of Grayscale and be prepared for defense.

Shanzhai sector There is a partial correction. Pay attention to SATS in the past two months. You can buy it in batches when it is low. There will be major benefits in September. PEOPLE can also be a key currency. Build a collection when it is low and wait for good expectations before the November election. CKB can consider short-term collection. RGB++ has good news and there is a chance of a short-term rise.

Fundamental news: recent major events need to be paid attention to. ETF may be passed on the 23rd, Trump will participate in the BTC conference on the 27th, and the Federal Reserve will hold an interest rate meeting on the 31st.

Primary market information:

RGB++ has started free casting, and the recent on-chain activity has increased. RGB++ is also a very good new protocol, which has a good effect on the construction of the BTC ecosystem. Continue to pay attention to this sector. There are new benefits in the RGB++ sector recently, and new models are about to appear. You can pay more attention to it and don’t miss the early opportunity.

Intraday mainstream currency support and resistance:

Today’s intraday market, BTC’s lower support is 65700-66200, and the upper resistance is 68500-69000. ETH’s lower support is 3320-3370, and the upper resistance is 3650-3700. There may be large fluctuations during the day, so do a good job of risk control and be honest when playing Heyue

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Today's Greed and Fear Index: 71 (Greed)