Under Trump's continued tough stance, oil prices are continuing to rise.

CN
Phyrex
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3 hours ago

Under Trump's continued tough stance, oil prices are continuing to rise, today the price of Brent has surpassed 100 dollars. I added short positions at 95 dollars for BZUSDT and 90 dollars for CLUSDT, and I am still lurking at 100 dollars for BZUSDT and 95 dollars for CLUSDT. I don’t know if these two price points will be reached, but as I have always said, I maintain two attitudes.

First, when oil prices rise, I will short. Second, I will raise the liquidation price of the margin to 120 dollars. If oil prices continue to rise, I will continue to short and further raise the margin. Currently, a margin of 120 dollars should be enough, but to avoid spikes, adjusting it to 130 dollars would be safer. I truly do not believe that WTI will hold above 100 dollars and Brent above 110 dollars for too long.

The continued rise in oil prices has started to show its effects on the market. The U.S. stock market has experienced a significant pullback, and there are less than three and a half months until the mid-term elections. I am curious to see how long Trump's toughness will last.

Bitcoin's recent performance is still quite good. Although it also experienced a pullback alongside the U.S. stock market, this time the decline was milder compared to the Nasdaq. Previously, I was regretting that I sold bitcoin:native at 65,000 as it seemed cheap, but now it seems I may have a chance to buy it back at 63,000 dollars.

Tonight, Trump said to prepare for an unprecedented strike against Iran. I wonder if there will be TACO next Monday.

@Gate Crypto, U.S. stocks, Hong Kong stocks, Korean stocks, gold, CFD, one-stop trading for the prediction market


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