McCarthy, the speaker of the US House of Representatives, was removed from office early this morning

Some friends may be wondering, what does McCarthy’s impeachment have to do with the cryptocurrency world?

Then let's take a look

I mentioned in yesterday’s video that the rise of Bitcoin in the early hours of Monday morning

The most reasonable reason is that McCarthy's compromise has prevented the US government from shutting down temporarily.

Sentiment is positive for risk markets.

The main force of Bitcoin has risen sharply due to the sharp rebound of the three major U.S. stock indexes

McCarthy's compromise can only keep the US government from shutting down until next month.

Now that he has been removed as speaker, it is doomed that the US government will most likely shut down next month.

This reaction can be seen from yesterday's US stock index futures.

After the recall vote against McCarthy began, the S&P 500 futures gave a big negative line

I said in yesterday's video that whether the US government shuts down or not actually has no real positive or negative impact on the cryptocurrency world.

But it will trigger risk aversion in the entire risk market

This is clearly evident from the current price of 10-year US Treasury bonds.

In this case, it is definitely not good news for the currency market where funds are continuously flowing out.

Although this does not mean that the price of Bitcoin will definitely fall sharply

But what is certain is that the cow will not come back.

It is already very difficult for the price of Bitcoin to remain above 26,000 in the short term and not continue to fall.

It can be clearly seen from the CME 4-hour chart

The recent market has created three gaps.

Generally speaking, this hourly gap will be filled within one to two weeks.

At the operational level, we can formulate strategies to address these three gaps.

If we fill the gap above first, the corresponding Bitcoin contract price will be around 28,000

Friends who have tried shorting with a small position yesterday can add a little more position appropriately.

Friends who don’t have short orders can open short orders.

If the gap around 2W7 is filled first, then the corresponding contract price will be around 2W7

You can try to open one lot here, but don’t take too heavy a position.

Because you want to prevent it from happening all at once, just fill the gap near 263 below

If you open a long position near 2W7, you must keep a small position and leave enough room for adding positions

I personally think that if the price is like this, or moves in this way, it may be more in line with the interests of the current main shock.