October 29

Handsome Guy Research Report (Original Handsome Guy Investment Research Society was closed)

Yesterday BTC continued to rise, and this morning it broke through 71000 with significant volume, showing a good increase. Currently, the 4-hour chart has entered the overbought zone, so there will be a short-term need for a pullback, but it’s not a big issue. The daily level remains healthy, the upward trend is unchanged, maintain confidence, and pay attention to the latest fundamental news. The non-farm payroll data next Friday looks a bit unhealthy, so prepare for corresponding defensive strategies. First, focus on tomorrow's small non-farm data; if the expectations are not good, consider reducing holdings to avoid risks. There are several positives coming up, including the elections, interest rate cuts, and FTX fund releases, so stay optimistic; the mid-term bull market is about to start.

ETH follows BTC and rises simultaneously; this morning it broke through 2600, facing strong resistance at 2650. A slight adjustment is expected before it can make another push. However, currently, ETH's performance is still relatively weak compared to BTC, and the ETH ecosystem is not very active. But with BTC's successful breakout, it's only a matter of time before ETH catches up; a new round of upward cycles is about to begin.

The altcoin sector is rising in sync with BTC, but the magnitude is not very large. SATS has recently corrected a lot and has entered the oversold zone consecutively. Continue to hold and wait for a rebound, aiming to clear out around 50. For medium-term holdings, it can be looked at around 80. PEOPLE has dropped significantly over the weekend; observe this week. If there's still no obvious upward trend, consider exiting first. After reducing holdings in CKB, continue to hold and wait for ecosystem explosions. Currently, BTC has broken through the 70000 mark, and you may consider following up with other quality coins for holdings. Keep holding FTM, and FB remains unchanged for now, waiting for ecosystem recovery.

Fundamental news: Pay attention to this Friday's non-farm data; the current values are not ideal.

Primary market information:

Continue to monitor RGB++; recent interest has not been great.

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

The on-chain MEME sector is still hot; continue to pay attention.

Intraday mainstream coin support and resistance:

For today’s intraday market, BTC has support at 69800-70300 and resistance at 71500-72000. ETH has support at 2520-2550 and resistance at 2650-2700.

Today's greed and fear index: 72 (Greed)

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