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It's the weekend, and I'm still holding my short position on #SOL. I was just waiting for these last few days. I didn't expect Trump to start on Friday.
The US and Israel bombed an Iranian steel plant and its associated power plant, and Iran threatened reciprocal retaliation. With the Strait of Hormuz still unresolved and the Bab el-Mandeb Strait in the Red Sea potentially affected, oil prices have surged above $100.
Trump, do you even know what you're doing? Your midterm elections are just around the corner! Aren't you worried? Even though the market fell quite a bit by Friday's close, I'm still holding short positions in SOL, afraid you'll cause trouble again over the weekend. The logic is simple.
Escalating geopolitical tensions in the Middle East, coupled with Trump's actions, are impacting oil prices. Rising oil prices put pressure on interest rate cuts and may even lead to expectations of rate hikes, similar to the current situation. This is detrimental to both US stocks and Bitcoin (BTC). Solvay (SOL) is closely following BTC's price action. I chose Solvay because of its greater volatility; if the direction is correct, I can potentially profit more.
Therefore, in the short term, we'll be watching whether Trump will cause any trouble from Sunday to Monday daytime to affect the market. If Trump continues his actions, and oil prices show no signs of falling at the opening of futures and oil markets on Monday, and stock index futures also look unfavorable, then BTC's support level may need to move lower, and we might even have to consider whether it will fall below 6. Of course, it's currently still above 60-63, so the main concern is the low liquidity over the weekend and Trump's subsequent actions. This is also the logic behind my continued holding of short positions in SOL. Let's wait and see. The downward trend on the daily chart has not yet stopped.
Of course, we also need to see if Trump will release any more smokescreens, just like last Monday evening around 7 pm, when a single statement from Trump immediately caused oil prices to plummet and risk markets to rebound. In that case, the direction would change. Traders would then need to quickly adjust their logic and execute their operations accordingly.
Finally, let's see how things long at lower levels during a downward trend. Why?
I'm afraid of causing further panic. That's it. Trump, please don't do anything reckless.

DC大于C
@DL_W59
03-26
我当时在大饼695同水平时低位做多SOL了。因为sol跟随BTC的脸色波动更大。
然后昨晚11点左右我看新闻美要发动新的行动,就如前预期可能延迟5天是为了新的部署。在临近周末或者在周末搞事情。所以当时出来这个新闻我就平了。因为再涨的预期不大。 x.com/DL_W59/status/…


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Disclaimer: The content above is only the author's opinion which does not represent any position of Followin, and is not intended as, and shall not be understood or construed as, investment advice from Followin.
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