Bitcoin once again demonstrated its tendency to fill CME futures gaps, as it closed the latest one almost immediately after the market opened. This marks the sixth consecutive week that Bitcoin has closed a gap either on Monday or very shortly after.
Importance of CME Gaps for Traders
The CME (Chicago Mercantile Exchange) futures market is closed over the weekend, which often causes a price 'gap' between Friday’s closing price and Monday’s opening level. These gaps have historically had a high probability of getting filled, underscoring that trend.
Current Movements and Market Strategies
A six-week streak of early gap closures might suggest strong institutional activity or a deeper level of market efficiency. Traders watching for Monday moves may prepare for potential price corrections depending on weekend volatility.
Future of BTC Amid Ongoing Activity
As the new week begins, many eyes are on Bitcoin’s movements. If the current pattern holds, any weekend volatility may be corrected shortly after CME opens, providing clues for traders planning their next actions.
While past performance does not guarantee future results, current market patterns offer traders insight for their planning.
