Pudgy Penguins price

gm we’re green all around with memes being the biggest movers and mf’s were calling the top this weekend haha

crypto is so fun when everything is sending

BTC is about to face significant volatility! Altcoin season? Given the current restlessness in the altcoin market, we've even heard calls for an "altcoin season" in the market, so it's time to discuss the overall market in detail. A few days ago during a live session in the Egg Yolk Pie teaching group, I mentioned that BTC could go either way from this position, but in the short term, it cannot reverse the larger trend, which is a downward trend. At least from a time perspective, it is not feasible, so it is highly likely to be dominated by wide fluctuations or a downward trend, essentially a garbage market. The so-called "garbage market" simply means that there is significant divergence in the market, and price fluctuations are almost completely random, with no clear rules for rising or falling. This means it is easy to see situations where it should fall but doesn't, or should rise but doesn't, with V rising and A falling, and A falling while V rises. In fact, looking back at historical trends, such markets are not uncommon. Back to the point, if you want to participate in the market, you should. Let's return to the specific chart; as shown in the image below, BTC is forming a triangular convergence pattern on the hourly chart, which means that once the price breaks below or above this triangular pattern, the subsequent market will follow. The upper target can reach around 120K, while if it breaks down, the final target can be around 100K. So the core of the current short-term market is to develop specific trading strategies around this triangular structure. In such a market, what we can do is control the buying points, take profit, and stop-loss. Now, let's talk about the altcoin market. Based on the current situation, I believe the conditions for an "altcoin season" are still lacking because there is no core narrative subject, making it difficult to form a large-scale continuous rise in altcoins. The possibility of an altcoin season has greatly decreased. However, one key point is that a significant number of altcoins have shown bottoming patterns, and some are even breaking out, so there is still a certain probability of a phase of altcoin market. The sustainability of the altcoin market will depend on BTC's specific performance, as the altcoin market lacks a core narrative subject, so the logic of capital games will still revolve around obtaining liquidity. Currently, the altcoins I hold and am watching are SOL, GPS, PENGU, TRUMP, BGB, OKB. Of course, most are still on my watchlist and I haven't built positions yet. Right now, I'm providing a perspective to help understand the market. The trading difficulty in this phase is certainly high. I conducted a few polls to understand everyone's overall earnings situation this year, and it looks very poor, so the trading difficulty is evident. Still, as the saying goes, wealth is sought in danger, but one can also lose in danger. Whether buying up or down, there must be a basis, and clear take-profit and stop-loss strategies are essential. The technical aspect of BTC on the hourly chart has already clarified, and soon we will welcome significant volatility! END.