Midday Market Analysis

Recently, the cryptocurrency market has shown an overall trend of high-level fluctuations, particularly evident in the performances of Bitcoin and Ethereum. Many netizens hold the view that, despite the possibility of market corrections from a short-term perspective, there remains significant upside potential in the long run.

At the same time, there are some key factors in the market that are continuously impacting the price movements. For example, the upcoming Microsoft shareholder fund meeting, which is likely to make decisions to invest a substantial amount of funds into Bitcoin, undoubtedly represents a major positive development for the entire cryptocurrency market.

Here are specific operational suggestions:

1. For Bitcoin: Consider going long near the price level of 97600, and take profits when the price rises to 98600, securing gains while also setting a defensive price level at 97200. If the price falls below this level, consider a timely stop loss.

2. For Ethereum: It is recommended to go long near the price level of 3730. When the price climbs to 3830, you can realize gains and set a defensive price level at 3700 to address potential adverse market changes.

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