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Tebukepao Talks About Insider Betting—Shorting on Wednesday to Take the Profits! 4.24 Bitcoin/ETH Trading Thoughts
Tebukepao says he doesn’t like geopolitical betting—he thinks the world has “turned into a Du场.” But the reality is a bit awkward: a U.S. military servicemember placed the bet early on capturing Maduro, made $400,000, and was then captured; during the Iran conflict, the futures market saw huge trades several times before he announced that he was shifting policies. The short at the current price given on Wednesday afternoon hit spot on—Bitcoin dropped by more than 2,000 points, and Ethereum also fell by a hundred-plus points. Chasing the shorts was easy—just take the wave of profits!
On the daily chart, Bitcoin closed with a doji, but unfortunately the lower wick is long. Ethereum also closed bearish, with a long lower wick. Yesterday’s initial jobless claims were mildly bearish for U.S. stocks, and yesterday U.S. stocks were also a bit weaker. Crypto price action looks similar. It’s been a long time since we’ve had such a satisfying, straightforward setup—if it rebounds, keep shorting!
## 4.24 Shorting Ideas
Bitcoin: Short the rebound at 78500-79000. Defense around 79800. Targets at 77500-77000-76500-76000. If it breaks through, look at 75500-75000-74500-74000. Continue to trail the stop-loss and take profit as conditions warrant!
Ethereum: Short the rebound at 2360-2400. Defense around 2430. Targets at 2300-2270-2250. If it breaks through, look at 2230-2200-2170. Continue to trail the stop-loss and take profit as conditions warrant!
## 4.24 Longing Ideas
Bitcoin: Buy on a pullback to 73500-74000, one lot. Defense around 73000. Targets at 75000-75500-76000. If it breaks through, look at 76500-77000.
Ethereum: Buy on a pullback to 2170-2200, one lot. Defense around 2130. Targets at 2250-2270-2300. If it breaks through, look at 2330-2350.
Today, the U.S. and Iran restart negotiations, but the result is very likely to be unsatisfactory. If it were that easy to reach a deal, it wouldn’t have happened again and again. Even though Tebukepao is still throwing big talk, Iran definitely won’t back down. Just wait and see! #比特币反弹