Good morning, brothers! Yesterday I took a day off and went out to have some fun. The market surged high yesterday and has reached the monthly resistance level near 118000. Currently, in this kind of situation without any pullback, once the momentum is insufficient after the surge, the subsequent pullback could be quite terrifying according to conventional understanding.

The surge to 118000 yesterday suggests that today's short-term strategy should primarily focus on short positions, as we have already touched the key monthly resistance. It is recommended to try to set up short positions around 117800-118200, with the stop loss set around 118600 for speculative trading.

If in the subsequent hourly level there is a pullback breaking below 117000, we can hold on a bit longer. The lower targets to watch are 116400/115500 and around 114500.

On the Yitai side, the smaller level is still maintaining an upward trend. For now, keep an eye on the upper levels around 4350/4400, and try to short lightly if it can get closer to 4400. Pay more attention to the critical position at 4270 below; only if it breaks below this level, the subsequent target levels should be watched sequentially at 4215/4170, and then we will assess as we go down. $BTC #美国政府停摆 $ETH #Token2049新加坡