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Panicking, will Monday see a big crash? What are the trading opportunities for Bitcoin and crude oil? Let’s take a quick look.
1. The current situation is somewhat grim. Wall Street has been closed since Friday for the holiday, accumulating three days of sentiment that could be unleashed all at once on Monday. Will there be a crash on Monday?
2. I think the probability is quite high. The war is escalating, and according to Trump himself, it will continue for several weeks. The bearish news from the oil market is still pushing prices higher. At least for these days, I prefer to short on rallies.
3. Compared to Bitcoin’s uncertainty, the recently launched crude oil CLUSDT seems very clear. No matter how high it rises recently, the war will end eventually. Oil prices will return to an average of around $70 in the long run, with a decline of up to 40%. Past oil price surges have always retraced to the mean.
4. Additionally, we should be cautious. Trump occasionally releases fake positive news before the market opens to manipulate the price. Our short position on crude oil is to hedge against this: if the conflict eases —> crude oil crashes, and we still profit. Every step is carefully considered, steady and sure. Let’s operate together~$BTC