October 17th

Handsome Research Report

BTC continued to rise yesterday, successfully breaking through the 68,000 resistance level and reaching the target range. The current daily trend remains good, and MA3 forks are formed. However, the 4-hour level has a large short-term increase, forming a slight divergence. There is a short-term need for a correction. Wait for the correction and consolidation during the day. Pay attention to the 66,000 support during the day. If there is a correction, it will be short-term, technical repair, and will not affect the trend. The weekly golden fork will go further. When the weekly golden fork is formed, it is the signal for the start of the big bull. The old irons who have built the collection will keep holding, and those who have not built the collection will get on the train. There will be many favorable factors such as the general election, interest rate cuts, and FTX funds. Stay optimistic. The expectations for the big cycle have never changed. The expectations for the bull market are still built on

ETH's increase is weaker than BTC, and it has not risen synchronously with the big cake. The resistance above 2600 is large. After BTC stabilizes, ETH will follow up and make up for the increase. The ETH ecosystem continues to warm up, and the activity on the chain continues to increase. It is not far from the start of the independent market. The old irons who have started to hold on, and those who have not started are recommended to follow up. A new round of rising cycle is about to start

The cottage sector has not Following BTC's simultaneous rise, the altcoins will follow up and make up for the rise after BTC stabilizes. SATS will continue to be held, and the position will be cleared and exited 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 be held after reducing its holdings and wait for the ecological explosion. The altcoin sector will patiently wait for the mainstream adjustment to be completed, and consider following up with other high-quality currencies to build holdings, such as SSV, BB, DOGS, etc. for mid-term deployment. FTM will remain held, and FB will not be moved for the time being, waiting for the ecological recovery. Fundamental news: None

Primary market information:

RGB++ continues to pay attention, the recent popularity is not very good

The rune market has recovered, and those who bought DOG before are advised to hold it for the long term

SOL, SUI, and ETH chain dogs are active recently, you can pay more attention, there are short-term speculation opportunities

Intraday mainstream currency support and resistance:

Today's intraday market, BTC's lower support is 66000-66500, and the upper resistance is 68000-68500. ETH's lower support is 2520-2550, and the upper resistance is 2670-2720

Today's Greed and Fear Index: 71 (Greed)

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