23 October
Handsome Guy Research Report (Original Handsome Guy Investment Research was banned, new Weibo account Handsome Guy Research Society)
Yesterday BTC consolidated sideways with a slight pullback, no obvious bearish signals were seen, still purely a capital dump, it is expected that the whale is washing and adjusting, and after the adjustment, it will be more beneficial for the subsequent increase. Currently, the daily trend is still good, MA3 crossover has formed, and the downward momentum on the 4-hour chart is beginning to weaken. During the day, pay attention to the support line of 66000-66500, waiting for the pullback to end. If it pulls back to this range, it is suitable to build positions. The pullback cycle will not be long, so there is no need to worry. Those who have built positions should hold on, and those who haven't should consider entering during the pullback. There are still several positive factors such as the upcoming elections, interest rate cuts, and FTX capital release, so stay optimistic. The mid-stage of the bull market is about to start.
ETH follows BTC with synchronized consolidation and continues to pull back slightly, briefly dropping to around 2600, during the day also pay attention to the support line of 2550-2600, waiting for the pullback to end. If it pulls back to this range, consider building positions. The ETH ecosystem continues to warm up, with on-chain activity constantly increasing. The launch of an independent market is not far away. Those who have already entered should hold on, and those who haven't are advised to follow up. A new round of the upward cycle is about to begin.
The altcoin sector is synchronously consolidating with BTC and the decline is not significant. SATS should continue holding. When it rises to around 50, consider cashing out. For medium-term holding, it can be looked at around 80. PEOPLE is expected to perform well before the November elections for medium-term holders. After reducing positions in CKB, continue holding and waiting for the ecosystem to explode. The altcoin sector should patiently wait for mainstream adjustments to finish, considering entering other quality coins for medium-term deployment, such as SSV, BB, DOGS, etc. FTM should be held, while FB remains inactive, waiting for the ecosystem to warm up.
Fundamental News: None
Primary Market Information:
RGB++ continues to be monitored, recent popularity is not very good.
The rune market has somewhat recovered, friends who previously bought DOG are advised to hold long-term.
SOL, SUI, and ETH on-chain dogs have been active recently, so pay more attention, as there are short-term speculative opportunities.
Mainstream Coin Support and Resistance during the Day:
In today’s market, BTC has support at 66000-66500 and resistance at 68000-68500, ETH has support at 2550-2600 and resistance at 2670-2720.
Today's Greed and Fear Index: 71 (Greed)
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