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Jiang Zhuoer: Short ETH at $2,242; in a bear market, event-driven rebounds are all opportunities to add to short positions.
ME News message. On April 8 (UTC+8), BitTop Pool (B.TOP) founder Jiang Zhuoer said in a post, “I shorted ETH at $2,242. Trump has messed it up; the US–Iran war is highly likely to end with Iran in de facto control of the Strait of Hormuz (collecting tolls). The US does not legally recognize this (but de facto accepts it). This is America’s Suez Canal moment. (In 1956, the UK lost control of the Suez Canal, which is seen as the end of the British Empire’s global dominance.) The bear-market cycle isn’t over yet, and event-driven rebounds are opportunities to add to shorts. There’s also a small chance of fighting breaking out again. This is a medium- to short-term play—just like last time, when we went long at $1,850 and closed it out at $2,144.” (Source: ChainCatcher)