Jiang Zhuoer: Shorted ETH at $2242; in a bear market, event-driven rebounds are all opportunities to add shorts

BlockBeats news, on April 8th, B.TOP founder Jiang Zhuoer posted, "I have shorted ETH at 2,242 US dollars. Trump crashed the market, and the US-Iran war will most likely end with Iran taking practical control of the Strait of Hormuz (charging a crossing fee), which the US will not recognize legally (but tacitly accept).

This is America’s Suez Canal moment. (In 1956, the UK lost control of the Suez Canal, which was seen as the end of the British Empire’s global hegemony.) The bear market cycle is not over yet, so every event-driven rebound is a shorting opportunity. There’s also a small probability of renewed conflict. This is a mid- to short-term trade, just like last time I went long at 1,850 US dollars and closed at 2,144 US dollars."