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 have continued to flow in, pushing it up again to touch the stage high of 1645.87. The current price is 1636.55, firmly standing above the moving averages. The short-term bullish structure remains intact, with the moving averages continuing to provide strong support.
The 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 up new upward space, with the target looking at 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 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 longs heavily at highs. With the non-farm payroll data approaching tonight, 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 Operation Suggestions: Short at 61000-61500, add to position at 61800, stop loss at 62500, take profit at 60300-58800.
ETH Operation Suggestions: Short at 1640-1660, add to position at 1690, take profit at 1610-1570, stop loss at 1720.