28 October
Crypto Research Report (Originally Crypto Research Society was shut down)
This weekend, BTC experienced a slight increase, briefly breaking through 68,000 in the morning; it is currently consolidating. The 4-hour downward momentum is still not strong, and the daily level remains healthy. The upward trend has not changed, maintaining confidence while monitoring the latest fundamental news. The non-farm payroll data next Friday currently seems a bit unhealthy, so appropriate defensive strategies should be prepared. If BTC continuously fails to hold above 68,000, those who have accumulated may consider slightly reducing their positions. Those who have not yet entered should wait for a pullback and consolidation. There are several upcoming positive factors, including the general election, interest rate cuts, and FTX fund releases. Remain optimistic as the mid-bull market is about to start.
ETH is following BTC with a synchronous increase, but the extent is not large; pay attention to the breakthrough of the 2,550 resistance level. Currently, ETH is still relatively weak, and focus should be on BTC's stability for ETH to have the possibility to follow suit. The ETH ecosystem is continuously warming up, with on-chain activity steadily increasing. The independent market trend is not far away. Those who have entered should hold on, while those who haven't are advised to follow in as a new round of upward cycles is about to start.
The altcoin sector is adjusting in sync with BTC, showing no significant increase at present. First, wait for ETH to catch up before altcoins can follow. SATS has seen a significant pullback recently, entering the oversold range continuously. Hold on and wait for a rebound, aiming to sell around 50. For medium-term holdings, it could reach around 80. PEOPLE dropped significantly over the weekend; observe this week, and if there's still no significant upward trend, consider exiting. After reducing holdings in CKB, continue to hold and wait for the ecosystem to explode. The altcoin sector should patiently wait for mainstream adjustments to complete before considering other quality coins for accumulation. FTM should be held, while FB remains unchanged, waiting for the ecosystem to warm up.
Fundamental news: The non-farm payroll data this Friday needs attention; the current figures are not ideal.
Primary market information:
RGB++ continues to be monitored; the recent interest is not very strong.
The rune market has somewhat recovered; friends who previously bought DOG are advised to hold long-term.
The on-chain MEME sector remains hot; continuous attention is needed.
Intraday support and resistance for mainstream coins:
Today's intraday market: BTC support is 66,800-67,300 and resistance is 68,500-69,000; ETH support is 2,420-2,450 and resistance is 2,520-2,570.
Today's greed and fear index: 72 (Greed)
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