September 19

Handsome Research Report

BTC continued to rise after a slight correction yesterday. The Fed cut interest rates by 50BP. BTC rose to 62,500 and encountered resistance and made slight adjustments, which was in line with expectations. I believe that Handsome’s friends have made some money again. There are many bears in the market, and few are firmly bullish. We can continue to be optimistic during the day. BTC is expected to hit the 63,500-64,000 range and continue to be bullish, but we need to pay attention to defense at night. Yesterday’s closing of the U.S. stock market was not ideal. It is currently a one-sided market in the currency circle. We still need to pay attention to the opening of the U.S. stock market at night. It is possible Pull the currency circle down. Before 9:30 pm, whether it reaches the target range of 63,500 or not, it is recommended to partially reduce the holdings to make a defensive move. If it stabilizes, you can enter the market again. There may be a slight adjustment after the interest rate cut is implemented, but the probability of another big drop is not great. Don't worry too much. The big cycle expectations have never changed. The bull market expectations are still built on ETH rising synchronously with BTC. The overall situation is still weak. The ETH ecosystem is still sluggish, the chain is not active, and the net inflow and outflow of ETFs are not ideal. Pay attention to the breakthrough of BTC during the day. It is expected to continue to rise with BTC. Hold, hold, it is expected to reach the 2480-2530 range. Pay attention to reducing holdings and defending at night. The downturn will not continue. A new round of rising cycle is not far away. The cottage sector rises synchronously with the mainstream. SATS continues to hold. Clear the position and leave when it rises to around 50. The mid-term holding can be seen to around 80. PEOPLE will have good expectations before the November election in the mid-term. CKB will continue to hold after reducing holdings and wait for the ecological outbreak. PIZZA has a lot of callbacks. FB is not expected to be ideal after the launch. It is recommended to clear the position and leave when it rebounds to around 4. The cottage long-term holding remains unchanged, and the short-term , you may consider reducing some of your holdings in the evening. If the US stock market does not see a significant decline at the opening, you may consider mid-term deployment. Handsome will recommend some altcoins worth buying in the Weibo live broadcast.

FB's price has dropped after the mainnet was launched. Wait and see for the time being, waiting for the development of the ecosystem.

Fundamental news: Fundamental information after the interest rate cut still needs to be closely monitored.

Intraday mainstream currency support and resistance:

Today's intraday market, BTC's lower support is 60800-61300, and the upper resistance is 63500-64000. ETH's lower support is 2320-2350, and the upper resistance is 2480-2530.

Today's Greed and Fear Index: 49 (Neutral)

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