$BTC has an open CME gap around $88,100 from New Year’s Day, and it’s now creating another weekend CME gap as price continues to pump.



I see a lot of comments saying we must come back down to fill the CME. Yes, CME gaps tend to fill, and roughly 95% are filled within a week.

However, the most significant and bullish upside moves often begin with a weekend CME gap.

We saw this in September, when a weekend gap took 17 days to fill, during which BTC pumped from $110K to $127K. We’ve seen similar CME-driven rallies that took weeks or even months to fully fill.

I think we could see a similar setup playing out here.
BTC1,83%
post-image
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
  • Reward
  • Comment
  • Repost
  • Share
Comment
0/400
No comments
  • Pin

Trade Crypto Anywhere Anytime
qrCode
Scan to download Gate App
Community
  • بالعربية
  • Português (Brasil)
  • 简体中文
  • English
  • Español
  • Français (Afrique)
  • Bahasa Indonesia
  • 日本語
  • Português (Portugal)
  • Русский
  • 繁體中文
  • Українська
  • Tiếng Việt