Hello everyone, I am Gu Yue. Today is the first of July, the beginning of a new month and also the first month of the second half of the year. As the year is already halfway through, let's first take a look at the market trends in the first half of the year. Starting from January, the market has been on a steady rise. Bitcoin rose from around $40,000 to a peak near $74,000, with an increase of nearly 45%. Ethereum rose from around $2,100 to over $4,100, with an increase of nearly 50%. The peak period was in March, followed by a downturn, with Bitcoin dropping to around $55,000 and Ethereum dropping to around $2,800. The market gradually began to warm up again in May, continuing until the end of May. However, the market entered a downturn phase again in June. In July, the market gradually started to rise again. Currently, Bitcoin is stable around $63,000 and Ethereum is stable around $3,490. The market is gradually trending towards stability, but stability is only temporary. After the calm, there will eventually be a storm. How can we avoid getting hurt and stabilize our profits in this storm?

From the overall situation, there are currently more positive news stimulating the market to rise. In the morning, both Bitcoin and Ethereum surged and then retraced. Although the news is positive, it does not mean that the market will continue to rise. Everyone in the currency circle has surely accumulated a lot of experience after being in the market for so long, unlike newcomers who know nothing. As an experienced trader, I believe everyone knows how important it is to enter the market at the right time. In this market, whether you go long or short, the key to making a profit mainly depends on your timing of entry and exit. There is no continuous rise in the market, just as there are no children crying every day. As long as you grasp the timing of entry and exit, making a profit will become simple.

From a technical analysis perspective, the four-hour Bollinger Bands are already at the top, with limited upward space and the market currently in a oscillating phase. At this time, chasing highs is not a wise choice. If the market wants to continue to rise, it will inevitably experience a retracement. We should seize the opportunity at noon, use the retracement to enter the market with short positions, and start laying out our strategy. We can quickly enter and exit to capture some profits in the short term.

Bitcoin's current price near $63,300, short target at $62,300, and take profits at your discretion.

Ethereum's current price near $3,490, short target at $3,440, and take profits at your discretion.

Life is long, and there are countless investment choices, but only a few steps are crucial. Different choices may determine different paths in our lives. I interpret world economic news, analyze global investment trends, provide daily market trend analysis, trading strategy guidance, and offer professional investment advice and services to help you reach the peak of wealth management.

This article represents only personal opinions, is for reference only, and should not be used as a specific basis for operation. For more market analysis and strategy guidance, follow the WeChat public account: Gu Yue KOL.

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