7.2 Thursday midday market analysis.

This round of ETH initiated a complete rebound wave from around 1565. After two tests of the support below 1600, funds continued to flow in, pushing the price to a stage high of 1645.87. The current price is 1636.55, firmly standing above the moving averages. The short-term bullish structure is intact, with the moving averages providing strong support.
Key resistance and support levels are clearly defined: The first resistance above is the previous high of 1645.87. A breakout with volume is needed to open up the next wave of upward movement, with targets looking toward the 1660 range. Below, the short-term moving average support is at 1620, while the core strong support is at 1600, which serves as the dividing line for this round's double-bottom reversal. As long as 1600 is not broken, the bullish trend will not be compromised. In terms of operations, it is not advisable to chase longs with heavy positions at high levels. With tonight’s non-farm payroll data approaching, market volatility will increase. Avoid high-leverage two-way trading back and forth. Wait for the data to be released and a clear trend to emerge before adding positions.
BTC operation suggestion: Short at 61000-61500, add to short at 61800, stop loss at 62500, take profit at 60300-58800.
ETH operation suggestion: Short at 1640-1660, add to short at 1690, take profit at 1610-1570, stop loss at 1720.