October 31

Handsome Guy Research Report (formerly Handsome Guy Investment Research Society has been banned)

Yesterday BTC consolidated sideways, slightly correcting to 71500, which is in line with expectations. The upward momentum on the 4-hour level is declining, but there is still a need for correction. However, in the short term, it is expected to challenge the previous high again. Pay attention to the breakthrough situation at 73500, and at this position, it is advisable to reduce holdings appropriately, waiting for a correction. The daily level remains healthy, and the upward trend has not changed. Stay confident. Yesterday's small non-farm payroll data was good, exceeding expectations by 1 time. However, the market did not respond positively, and there are significant suspicions of data manipulation. Nevertheless, it is still a good thing. The forecast for tomorrow's large non-farm payroll data is also not too bad. The risk of market panic has decreased. Currently, only reduce holdings in mainstream assets (due to continuous rise recently, reduce holdings appropriately and wait for a correction). Altcoins can continue to wait. There are still multiple favorable factors ahead, including elections, interest rate cuts, and FTX capital release. Stay optimistic; the mid-term bull market is starting.

ETH rose slightly yesterday, briefly breaking through the 2700 mark. The upward momentum on the 4-hour level is declining, but there is still a need for correction. During the day, pay attention to BTC's breakthrough situation; do not reduce holdings yet, wait for ETH to catch up. Currently, ETH's performance is still relatively weak compared to BTC, and the ETH ecosystem is still not very active. As BTC successfully breaks through, ETH catching up is just a matter of time. A new round of upward cycle is about to start.

The altcoin sector is consolidating in sync with BTC. SATS continues to hold, waiting for a rebound, and exit around 50. For medium-term holdings, targets can be seen around 80. PEOPLE continued to consolidate yesterday; observe this week. If no significant upward trend is seen, consider exiting first. After reducing holdings, CKB continues to hold, waiting for ecological explosion. FTM remains held, and FB is temporarily inactive, waiting for the ecosystem to warm up.

Fundamental news: Pay attention to Friday's non-farm payroll data. Yesterday's small non-farm payroll data was good.

Primary market information:

Continue to pay attention to RGB++, recent enthusiasm is not very good.

The rune market has somewhat recovered, and friends who previously bought DOG are advised to hold long-term.

The on-chain MEME sector remains hot recently, and continuous attention is needed.

Daily support and resistance for mainstream coins:

For today's intra-day market, BTC's support is at 71000-71500 below, and resistance is at 73500-74000 above. ETH's support is at 2570-2600 below, and resistance is at 2700-2750 above.

Today's Greed and Fear Index: 77 (Greed)

Pay attention to the circle of crypto handsome guys; the latest research report will be known early.