7.2 Thursday Midday Market Analysis. The current ETH has started a complete rebound wave from around 1565. After twice testing support below 1600, funds continued to flow in, rising again to touch the stage high of 1645.87, currently at 1636.55. The price stands firmly above the moving averages, the short-term bullish structure is intact, and the moving averages continue to provide strong support.

Key resistance and support levels are clearly defined: the first resistance above is the previous high of 1645.87, only a breakout with volume can open new upward space, target looking at the 1660 range; the short-term support below is the moving average at 1620, the core strong support is 1600, which is the watershed of this double-bottom reversal. As long as 1600 is not broken, the bullish trend will not be destroyed. In terms of operation, it is not recommended to chase long with heavy positions at highs. The non-farm data tonight is approaching, and the market volatility will increase. Avoid high-leverage two-way trading. Wait for the data to land and a clear trend to emerge before adding positions. BTC operation suggestion: short 61000-61500, add position at 61800, stop loss 62500, take profit 60300-58800. ETH operation suggestion: short 1640-1660, add position at 1690, take profit 1610-1570, stop loss 1720