7.2 Thursday Midday Market Analysis.

The current round of ETH's complete rally wave started near 1565. After two tests of support below 1600, capital continued to flow in, pushing it up again to touch the stage high of 1645.87. The current price is 1636.55, firmly above the moving averages, with a short-term bullish structure intact and the moving averages providing strong support.
Key resistance and support are clearly defined: the first resistance above is the previous high of 1645.87. Only a breakout with volume can open up a new upward space, with a target of the 1660 range. The short-term moving average support is at 1620, with core strong support at 1600, which is the watershed for the current double-bottom reversal. As long as 1600 is not broken, the bullish trend will not be disrupted. It is not recommended to chase long positions heavily at high levels. With tonight's non-farm payroll data approaching, market volatility will increase. Avoid high-leverage two-way trading; wait for the data to be released and a clear trend to emerge before adding positions.
BTC trading suggestion: Short at 61000-61500, add to position at 61800, stop loss at 62500, take profit at 60300-58800.
ETH trading suggestion: Short at 1640-1660, add to position at 1690, take profit at 1610-1570, stop loss at 1720.