July 12 Market Analysis:
①: Why is there continuous inflow into Ethereum ETFs, yet the intraday trend remains weak?
Currently, we are in the Asian trading phase of unloading. The $3000 position is a point where most bottom-fishing funds start to take profits and exit, so you will find that when the price approaches this level in the short term, there is often a rapid decline. However, U.S. funds have been continuously flowing in, indicating that institutions still have confidence in Ethereum's future prospects.
Currently, the $3040 level is a short-term resistance. If we cannot break through this weekend, then the market is likely to mainly fluctuate and adjust, but a crash is unlikely. I am optimistic that Ethereum's first short-term target will reach $3105, with a second target of $3400. We currently need to wait for new buying entries on Monday, and there are still many short positions above waiting to be liquidated, so we just need to be patient.
②: Why do we always prefer Ethereum over Bitcoin when trading contracts?
Bitcoin is currently hovering around $117,700, with limited volatility. If all funds flow into Bitcoin, creating a monopolized situation, then the space we can gain from trading contracts is actually very limited.
We choose to operate with mainstream coins based on the daily inflow and outflow of funds, monitoring the positions of large holders, and assessing which coins are performing strongly and rising quickly, before proceeding with operations.
Right now, trading Bitcoin is only viable if it continues to break new highs, at which point opening 100x leverage might double your investment; however, its trend is relatively stable, with not much fluctuation. Personally, I am optimistic about Ethereum's subsequent trend, as it has a lot of upward potential compared to Bitcoin. Moreover, only when funds flow into Ethereum can it drive the overall rise of altcoins, and a true bull market will arrive!
The current market is relatively quiet, retail investors lack confidence, and exchanges are troubled by this, but it is precisely during such times that opportunities are quietly brewing. We must patiently wait for the right moment to come and avoid blind operations and reckless actions.
The real winners do not rely on luck and gambling, but on discipline and risk control to persist until the end.
