BTC: CME Gap at 35k has been filled!
Updated
The price has surged past the significant 30k resistance, peaking at 35.2k, precisely aligning with the CME gap. Frequently, these CME gaps do get filled over time, but the exact timing remains unpredictable. Monitoring these levels is essential as they are likely to be reached eventually.
Currently, the price is grappling with a resistance line. A successful breach could propel the price towards 37k or even 39k. However, the current uptrend is supported by low volume, enhancing the likelihood of a swift sell-off. Thus, a well-strategized plan is crucial before any trading decision.
I interpret this recent surge as a move primarily to fill the 35.2k CME gap. My perspective remains bearish, foreseeing a potential fall to 12k BTC amidst a gloomy economic backdrop. With the DXY showcasing bullish trends and the S&P500 on a downtrend, historical trends suggest possible substantial downtrends for BTC. Remember, market conditions are inherently unpredictable, and prior predictions, like the head and shoulder pattern, may not always hold.
Currently, the price is grappling with a resistance line. A successful breach could propel the price towards 37k or even 39k. However, the current uptrend is supported by low volume, enhancing the likelihood of a swift sell-off. Thus, a well-strategized plan is crucial before any trading decision.
I interpret this recent surge as a move primarily to fill the 35.2k CME gap. My perspective remains bearish, foreseeing a potential fall to 12k BTC amidst a gloomy economic backdrop. With the DXY showcasing bullish trends and the S&P500 on a downtrend, historical trends suggest possible substantial downtrends for BTC. Remember, market conditions are inherently unpredictable, and prior predictions, like the head and shoulder pattern, may not always hold.
Note
BTC / NDQNote
Expecting some movement to the downside: 
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