Jiang Zhuoer: Short ETH at $2,242; in a bear market, event-driven rebounds are all opportunities to add to short positions.

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ME News Report, April 8 (UTC+8), BitTop Pool (B.TOP) founder Jiang Zhuoer stated, “Shorted ETH at $2,242. Trump’s actions have failed, and the US-Iran war is highly likely to end with Iran controlling the Hormuz Strait (collecting tolls), which the US does not legally recognize (but implicitly accepts). This is America’s Suez Canal moment. (In 1956, the UK lost control of the Suez Canal, marking the end of the British Empire’s global dominance.) The bear market cycle is not over yet; event-driven rebounds are opportunities to add to short positions. There’s also a small chance of renewed conflict. This is a medium- to short-term strategy, just like last time when we went long at $1,850 and closed at $2,144.” (Source: ChainCatcher)

ETH-2.35%
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