The local dogecoin is fully exploding! Is the next coin to explode it? Will ETH continue to rise? Let's take a look.

1. The dog owner is desperately pushing the leading Pepe, thus the altcoin season has started without warning, and many other local dog altcoins are also about to start catching up. I think Pengu has a lot of room to catch up; it's only 0.012 now, and it’s expected to go to 0.013 first and then around 0.015.

2. The $PENGU is incredibly powerful as Shuqin has said, during the altcoin season it generally performs well, but of course, it’s best to wait for a pullback before entering. However, the altcoin market comes quickly and goes quickly, and the risk is relatively high, so it's best to do it with a small position; it's fine if you don't do it, just stick to more stable operations below.

3. Then our long-awaited ETH is finally approaching 3170; Shuqin has been calling this target for several days, everyone has seen it, and many have even added more. Now ETH is indeed correcting quite a bit here at 3168, congratulations to everyone. However, Shuqin still wants to say that ETH probably hasn't finished its run; it’s highly likely that it will go back up to 3180-3200, and once it gets there, you can wait for another pullback. $ETH

4. From a big picture perspective, as shown in the chart, the crypto market is currently in a downward continuation pattern, similar to the bear market of 2022, consolidating upwards. When Bitcoin was at 88,000, Shuqin had already marked it; BTC may reach the previous high of 94,000, and ETH may reach around 3,400. It’s best to have a false breakout and then stop the rising momentum abruptly in late January when there’s no interest rate cut, turning downwards. $PEPE

5. Therefore, our plan remains to look for a good high point around mid-January to layout a low-leverage short position in preparation for the interest rate meeting at the end of January. The current rebound is just the last hurrah; by the time of the meeting, dust will return to dust, and things that have risen will fall back to where they came from