With the non-farm payrolls report approaching, Bitcoin (ETH) has a chance to break out of its range-bound trading pattern.

Chu Yuechen: August 7th Bitcoin/ETH Trading Reference. The market is currently in a range-bound trading pattern, with a short-term bearish bias but support from ETF funds and whale buying. Whether or not the $65,000 level is broken is key to the short-term direction. Key observations: ① Can the $65,000 level be effectively broken? ② Tonight's non-farm payroll data and unemployment rate; ③ The progress of the Clarity Act in the Senate this week; ④ Evolution of the Middle East situation. Operationally, there is resistance at 65,000, which was tested several times yesterday but fell back. There is strong support at 62,000. Therefore, intraday trading should focus on buying or selling between 62,000 and 65,000. Short Bitcoin near 65,000, stop loss at 66,000, take profit at 63,000-62,000. Long Bitcoin at 62,000-62,500, stop loss below 62,000, target 64,000. ETH is being traded in sync. Buy at 1800-1820, target 1900, stop loss 1780. Sell at 1930-1950, stop loss 2000, target 1800. Specific entry points will be determined based on real-time market changes. Multiple short-term trading opportunities are available daily; medium- to long-term strategies continue. Welcome to discuss your views (see my profile for details).