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December 10
Handsome Guy Research Report (originally the Handsome Guy Investment Research Society was shut down)
Yesterday BTC continued to pull back, and this morning saw a significant drop, briefly falling below 95000 and quickly recovering. No negative news has appeared in the fundamentals. The hourly level has seen two consecutive large volume spikes, indicating that the whales intend to create a base for further increases. During the day, pay attention to the support levels of 95000-95500; if this is breached, it will continue to decline. The pullback will not end in just one day, so it is advisable to observe during the day. The expectations for the long-term cycle remain unchanged; the bull market is still on, but be prepared for pullbacks. There are still several positive factors ahead, including interest rate cuts and FTX capital releases, so stay optimistic as the mid-phase of the bull market is set to start.
ETH follows BTC in a synchronous pullback, with a similar significant drop this morning, briefly falling to around 3520. The expectation for today is continued pullback and consolidation, focusing on the support levels of 3550-3600. The 4-hour pullback trend shows no signs of ending, so observe today and wait for stabilization signals to appear.
The altcoin sector is pulling back in sync with the mainstream; most altcoins are experiencing larger pullbacks, and many altcoins have entered oversold territory in the last 4 hours. Those with positions can accumulate gradually and make light entries. The expectation for today continues to be a pullback and consolidation, with the final shakeout before an altcoin breakout. Hold the last drop and wait for stabilization before following up; subsequent rebounds will be very strong. Continue to hold SATS, cash out around 50, and for mid-term holdings, it can be seen reaching around 80. After reducing positions in CKB, continue to hold and wait for ecological breakthroughs. Those still holding FTM can reduce their positions, and POLYX can continue to hold.
For new altcoins, it is recommended to pay attention to ACT, as the community development is very good. This is a new track and new sector, the AIMEME series. Currently, GOAT has not yet hit the market with a market cap of 1 billion. ACT is expected to become a new leader, likely reaching a market cap of over 1 billion, so keep up with the accumulation.
Fundamental news: CPI data will be released tomorrow, so pay attention.
Support and resistance levels for mainstream coins during the day:
For today’s market, BTC has support at 95000-95500 and resistance at 97500-98000, while ETH has support at 3550-3600 and resistance at 3750-3800.
Today’s greed and fear index: 78 (Greed) CMC shows a greed index of 76, remaining high, so be cautious of risks. Mainstream coins should moderately reduce positions, while altcoins must have stop losses.
Watch out, Handsome Guy is back with the latest research report.
Handsome Guy Research Report (originally the Handsome Guy Investment Research Society was shut down)
Yesterday BTC continued to pull back, and this morning saw a significant drop, briefly falling below 95000 and quickly recovering. No negative news has appeared in the fundamentals. The hourly level has seen two consecutive large volume spikes, indicating that the whales intend to create a base for further increases. During the day, pay attention to the support levels of 95000-95500; if this is breached, it will continue to decline. The pullback will not end in just one day, so it is advisable to observe during the day. The expectations for the long-term cycle remain unchanged; the bull market is still on, but be prepared for pullbacks. There are still several positive factors ahead, including interest rate cuts and FTX capital releases, so stay optimistic as the mid-phase of the bull market is set to start.
ETH follows BTC in a synchronous pullback, with a similar significant drop this morning, briefly falling to around 3520. The expectation for today is continued pullback and consolidation, focusing on the support levels of 3550-3600. The 4-hour pullback trend shows no signs of ending, so observe today and wait for stabilization signals to appear.
The altcoin sector is pulling back in sync with the mainstream; most altcoins are experiencing larger pullbacks, and many altcoins have entered oversold territory in the last 4 hours. Those with positions can accumulate gradually and make light entries. The expectation for today continues to be a pullback and consolidation, with the final shakeout before an altcoin breakout. Hold the last drop and wait for stabilization before following up; subsequent rebounds will be very strong. Continue to hold SATS, cash out around 50, and for mid-term holdings, it can be seen reaching around 80. After reducing positions in CKB, continue to hold and wait for ecological breakthroughs. Those still holding FTM can reduce their positions, and POLYX can continue to hold.
For new altcoins, it is recommended to pay attention to ACT, as the community development is very good. This is a new track and new sector, the AIMEME series. Currently, GOAT has not yet hit the market with a market cap of 1 billion. ACT is expected to become a new leader, likely reaching a market cap of over 1 billion, so keep up with the accumulation.
Fundamental news: CPI data will be released tomorrow, so pay attention.
Support and resistance levels for mainstream coins during the day:
For today’s market, BTC has support at 95000-95500 and resistance at 97500-98000, while ETH has support at 3550-3600 and resistance at 3750-3800.
Today’s greed and fear index: 78 (Greed) CMC shows a greed index of 76, remaining high, so be cautious of risks. Mainstream coins should moderately reduce positions, while altcoins must have stop losses.
Watch out, Handsome Guy is back with the latest research report.
Disclaimer: Includes third-party opinions. No financial advice. May include sponsored content. See T&Cs.
SOL
188.53
-4.71%
SSV
22.23
-6.75%
PHB
1.477
-6.69%
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