The US-Iran conflict is hitting the wallets of retail investors worldwide

Last night, the geopolitical situation suddenly changed. The US military attacked military facilities in southern Iran. Originally, the market was optimistic about reaching a peace agreement and entering a post-war new peaceful era, but that atmosphere was instantly shattered. The White House even dismissed the draft agreement between the US and Iran as fabricated out of thin air, taking unpredictability to the extreme. Let’s first review what has happened over the past few days:

On May 26th, Trump said he was “satisfied” with the progress of US-Iran negotiations. Oil prices plummeted, gold rebounded

On May 27th, the US launched a new round of strikes against Iran. Oil prices surged accordingly.

On the evening of May 27th, Secretary of State Pompeo said “give negotiations every opportunity.” Oil prices dropped another 5%.

In the early hours of May 28th — the US military launched another airstrike.

The so-called Trump’s mouth, a liar’s ghost, from initially using news to repeatedly harvest global financial markets through talk and negotiations, to later fabricating rumors to forcibly manipulate the market, and now openly reneging — “eating and vomiting” — fully demonstrates the ugliness of a politician’s face.

Under America’s unscrupulous operations, the global financial markets are also crying out. Gold broke below the 4400-point integer mark, hitting a nearly 3-month low. The crypto market Bitcoin fell below $73,000, with 24-hour liquidation surging to $407 million, nearly 100k people forced to liquidate, with longs scattered everywhere. Even more frightening, Bitcoin has now broken below the middle band of the weekly Bollinger Bands, indicating that the bear market has been confirmed again. A new round of decline may have just begun...

Recently, I only made two trades. On Saturday, I shorted Bitcoin at 74,500. As a result, a rebound over the weekend forced me to cut losses at 76,000. Not satisfied, I tried shorting Bitcoin again at 77,300. I am currently holding the position, planning to treat this as a medium-term investment, aiming to buy back near the previous low of around 59,000.

I believe that in the current bearish trend, there’s no need to rush into bottom-fishing. It’s better to focus on shorting from high levels. For those who already hold short positions, be patient and keep a broader perspective, hold on a bit longer; for friends still on the sidelines, you can take advantage of the rebound to lightly short again, with stop-losses in place above 74,500; for spot buyers, it’s only a matter of time and space—don’t casually add to your positions or increase your leverage.

How have your recent trades been? I’ve been saying to stay bearish all along. Did you catch this shorting wave? Leave a comment and chat with me. Give this newbie some attention 💗

BTC-2.46%

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