August 31

Handsome Research Report

BTC slightly corrected yesterday, falling below 58,000 and then quickly recovered. There is no negative news in the fundamentals. The daily trend has not broken yet, and the key support level has not been broken yet. The market is still expected to rise, but we need to continue to pay attention to the support of 58,000. We need to 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 we 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 follows BTC to consolidate synchronously, and the trend is better than BTC. There is no negative news in the fundamentals. There is still room for rebound during the day. The market share of ETH/BTC has seen a clear divergence. 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. A new round of rising cycle is not far away

The cottage sector follows the mainstream to consolidate synchronously. SATS can consider continuing if there is no hidden position Buy, clear the position and exit when it rises to around 50, and hold in the medium term to around 80. There will be major positive news 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 the collection and wait for subsequent positive news. Other altcoins are waiting for the latest news.

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. Keep paying attention to this sector. There are new positive news 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 a good rise recently. Keep paying attention to other currencies in the RGB++ sector, such as OTTER, CAT++, etc.

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

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 super big.

Intraday mainstream currency support and resistance:

Today's intraday market, BTC's lower support is 57500-58000, and the upper resistance is 60800-61300. ETH's lower support is 2400-2450, and the upper resistance is 2580-2630

Today's Greed and Fear Index: 29 (Fear)

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