August 28

Handsome Research Report

BTC continued to pull back yesterday. There was a large-volume decline in the morning, and the decline exceeded expectations. There was no negative news in the fundamentals, and it has entered the oversold range. It is expected to rebound during the day, and you can follow up appropriately. Be cautious on the eve of the interest rate cut. There is a high possibility of falling first and then rising on the eve of the interest rate cut cycle and in January and February. This is the case for every round of interest rate cuts, but the big cycle is absolutely positive, and you need to wait patiently. The expectation of a 50 basis point interest rate cut in September has declined, and the big cycle expectation has not changed. The bull market expectation is still built on

ETH followed BTC in a synchronous decline, with a large-volume decline, breaking through the support range. There was no negative news in the fundamentals, and it has entered the oversold range. It is expected to rebound during the day. The market share of ETH/BTC has seen a clear divergence, and ETH is expected to make up for the rise. ETH's on-chain GAS has fallen to a new low in 5 years. The on-chain environment is sluggish and has approached the bottom line. Keep holding, and a new round of rising cycle is not far away

The cottage sector fell synchronously with the mainstream. SATS can consider continuing to buy if there is no hidden position. It rose to Clear out positions around 50, and hold in the medium term to around 80. There will be major positives in September. PEOPLE can also be a key currency to focus on. Build a collection on dips and wait for good expectations before the November election. CKB can be adjusted to replenish collections and wait for subsequent positives. Wait for the latest news on other altcoins

Fundamental news: None

Primary market information:

RGB++ has started free casting, and the activity on the chain has increased recently. RGB++ is also a very good new protocol, which has a good effect on the construction of BTC ecology. Continue to pay attention to this sector. There are new positives in the RGB++ sector recently, and new models are about to appear. You can strengthen your attention and don’t miss the early opportunity. SEAL has been launched on the arugula market and has risen well recently. Continue to pay attention to other currencies in the RGB++ sector, such as OTTER, CAT++, etc.

The rune market is still sluggish. Pay attention to high-quality currencies in the rune market and wait for the second wash to start

Unisat’s latest second-layer protocol Fractal Bitcoin officially launched the test network and is expected to be launched on the main network in September. The sharp rise in SATS is directly related to Fractal Bitcoin. Pay more attention to it. It is a super big hair.

Intraday mainstream currency support and resistance:

Today's intraday market, BTC's lower support is 58000-58500, and the upper resistance is 60800-61300. ETH's lower support is 2350-2400, and the upper resistance is 2550-2600

Today's greed and panic index: 30 (fear)

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