The US stock market is closed today. While the volatility narrows, let's talk about the market.

In the past two days, influenced by macroeconomic data, mainstream coins have seen a strong rebound. BTC broke through 62,000, ETH stood at 1,700, and SOL returned to 80. Before this, I kept emphasizing that shorting Bitcoin at 50,000 level no longer offers good risk-reward. Because the crash over the past few months has largely priced in all the negatives, and even the market has already priced in expectations of further rate hikes. So at the beginning of the week, around 59,000-58,000, I started telling everyone they could try to catch the bottom. The data from these past days is worth taking a gamble on. First, this price is relatively low; if the data cooperates, there will surely be a decent rebound. Second, even if the data is bearish, you can simply exit decisively.

Now that the market has reached this point, we have already secured our profits, and we are just one step away from the 63,000 target.

Moreover, the structure of the current market has changed. The Fed's rate hike expectations have slowed down, which is the biggest positive for the crypto space. If the subsequent macroeconomic data gradually turns mild and rate hike expectations continue to slow, it is not impossible to see another bull run in the second half of the year.

Of course, I am not advocating that everyone continue to go long; I am just stating a possibility. We cannot control the macroeconomic data. What we need to do is understand the situation and choose the right moment to act.

As the saying goes, "May is poor, June is desperate, July turns things around." Our strategy can be described as "May profits, June earns, July gets rich quick." In short, we guessed the first direction of July correctly, profits are already in hand. Next, we wait for the market to give new signals.#ETH突破1700