😂 Damn, what’s going on? The Middle East is at it again? Can Bitcoin hold up this time?
1. Just today, Saudi Arabia launched airstrikes on Yemen, killing 33 people! Then the U.S. launched small-scale airstrikes on Iran and also hit a cargo ship. What a wild weekend—is the market going to crash again when it opens next week?
2. The risks are definitely increasing! The Middle East, which had been quiet for a few days, is fighting again. Bitcoin hasn’t fallen much, possibly because Wall Street is closed for the weekend. Another reason is that the market had already learned about this before the midterms, and prices had fallen in advance.
3. So, is this conflict bearish? Absolutely. But the news about Trump assembling troops and evacuating citizens had been common knowledge for the past two weeks, so the bearish impact isn’t all that significant. So, what opportunities are there to make money now?
4. Compared with the uncertainty in crypto and tech stocks, I think crude oil (CL) is by far the most worth watching. If it rebounds significantly, we can still enter in batches at 95, 100, and 105. Short it when it gets there, just like before. Use 2x leverage for a long-term position; eventually, the price will come back down and we’ll take profits. Don’t use too much leverage. The previous short trades each took two or three weeks to play out.
5. As for Bitcoin, the risks have definitely increased a bit now that the Middle East is fighting again. Keep a close eye on whether it can hold around 75,000. We previously said to go long at 75,000, and now it’s rebounded to 76,000. If you want to play it safe, you can sell some and keep only spot holdings. There are a lot of unexpected events right now, and we retail investors can’t change that—we can only manage our own risk.
6. But looking at the long term, Shu Qin still has high hopes for the market, because every midterm election has marked a cyclical bottom. Prices have now fallen as expected. There have been plenty of surprises, but I believe any losses are only temporary, and a new rally will definitely come. And this time next year, you’ll be thanking yourself for having the courage to buy the dip this month! I’ve bought in—I won’t have any regrets!
1. Just today, Saudi Arabia launched airstrikes on Yemen, killing 33 people! Then the U.S. launched small-scale airstrikes on Iran and also hit a cargo ship. What a wild weekend—is the market going to crash again when it opens next week?
2. The risks are definitely increasing! The Middle East, which had been quiet for a few days, is fighting again. Bitcoin hasn’t fallen much, possibly because Wall Street is closed for the weekend. Another reason is that the market had already learned about this before the midterms, and prices had fallen in advance.
3. So, is this conflict bearish? Absolutely. But the news about Trump assembling troops and evacuating citizens had been common knowledge for the past two weeks, so the bearish impact isn’t all that significant. So, what opportunities are there to make money now?
4. Compared with the uncertainty in crypto and tech stocks, I think crude oil (CL) is by far the most worth watching. If it rebounds significantly, we can still enter in batches at 95, 100, and 105. Short it when it gets there, just like before. Use 2x leverage for a long-term position; eventually, the price will come back down and we’ll take profits. Don’t use too much leverage. The previous short trades each took two or three weeks to play out.
5. As for Bitcoin, the risks have definitely increased a bit now that the Middle East is fighting again. Keep a close eye on whether it can hold around 75,000. We previously said to go long at 75,000, and now it’s rebounded to 76,000. If you want to play it safe, you can sell some and keep only spot holdings. There are a lot of unexpected events right now, and we retail investors can’t change that—we can only manage our own risk.
6. But looking at the long term, Shu Qin still has high hopes for the market, because every midterm election has marked a cyclical bottom. Prices have now fallen as expected. There have been plenty of surprises, but I believe any losses are only temporary, and a new rally will definitely come. And this time next year, you’ll be thanking yourself for having the courage to buy the dip this month! I’ve bought in—I won’t have any regrets!
