7.2 Thursday Midday Market Analysis. This round of ETH started a complete rebound wave from around 1565. After testing the support below 1600 twice, funds continued to flow in, surging again to hit the stage high of 1645.87. The current price is 1636.55, firmly standing above the moving average. The short-term bullish structure is intact, with the moving average continuously underpinning and forming 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 a new round of upward space, targeting the 1660 range. The short-term moving average support below is 1620, and the core strong support is 1600, which is the watershed for this round's double-bottom reversal. As long as 1600 is not broken, the bullish trend will not be damaged. In terms of operations, it is not recommended to chase long positions with heavy funds at highs. With the non-farm payroll data approaching tonight, 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 Suggestions: Short at 61000-61500, add positions at 61800, stop loss at 62500, take profit at 60300-58800. ETH Operation Suggestions: Short at 1640-1660, add positions at 1690, take profit at 1610-1570, stop loss at 1720.