March 4

Handsome Guy Research Report

Yesterday, BTC underwent a corrective adjustment, and accelerated declines began in the early hours, with no significant negative news in the fundamentals. The market is hard to understand, as it has fallen back to pre-liberation levels. Tete will hold a blockchain summit on March 7, so pay attention to recent fundamental news. The panic index has returned to 15, and the 4-hour chart has yet to stabilize. Be patient and wait for a bottoming out. The expectation for intraday is consolidation, so observe and wait. The long-term expectation remains unchanged; the bull market is still on.

ETH followed BTC and dropped significantly, with the price action defying logic, breaking new lows and approaching the 2000 mark. It has yet to stabilize, so observe and wait; if it stabilizes, you can follow up.

The altcoin sector is following the mainstream and dropping in sync, with most altcoins breaking new lows. Wait for stabilization before considering following up. TRUMP can be added back on a 10-11 pullback. Recently, there have been new developments on-chain, with the new BTC network platform Odin and SOL network's TIEM both being quite interesting, so keep an eye on them. For altcoins already in hand, be patient and wait for the market to warm up.

Fundamental news: Tete will hold a blockchain summit on March 7.

Primary market information:

Pay attention to new on-chain developments, BTC network's Odin, SOL network's TIME.

Intraday mainstream coin support and resistance:

For today's intraday market, BTC has support at 82000-83000 and resistance at 85000-86000, while ETH has support at 1950-2000 and resistance at 2150-2200.