Bitcoin / TetherUSShort
Bitcoin Closed the Gap—Is $44,000 Next?
The price has closed the gap on CME, which acted as a magnet. It will be interesting to see what happens next. I'll reveal key details and my expectations at the end and in the middle of the review, so make sure to read until the end.
1. I created an indicator for convenient tracking. If you're interested and following this as well, feel free to add this system to your setup using the link:
2. CME, or the Chicago Mercantile Exchange, is where Bitcoin is traded. For the American market, this is an important opportunity to trade cryptocurrency. Considering that the U.S. accounts for 20% of the global GDP and that 40% of all millionaires in the world are based there, it's clear how significant this market is.
The CME exchange does not operate on weekends, which causes gaps on the chart from the time the exchange closes to the time it reopens. This happens because platforms like Binance, ByBit, OKX, and others trade Bitcoin 24/7. Naturally, the price doesn't stay still waiting for the CME to reopen, which is why these gaps occur. For traders, this is an important chart to monitor closely.
Traders pay close attention to gaps because the price often returns to "fill" the gap, meaning it moves back to the level it was at before the gap occurred. This is similar to how a magnet attracts metal: the price is drawn to the gap.
3. Statistically, 80-90% of gaps are filled, which highlights the importance of these levels.
4. Many traders build strategies around gaps. If you are developing in this direction, you might consider using this as one of the conditions for your own system. If not, it’s still a useful tool that helps explain why the price reached certain levels or reversed from them. Overall, it provides a better understanding of the market.
5. Additionally, a few examples from historical data.
6. I would like to see a scenario where the price drops again to 44k, so that everyone who bought the dip gets shaken out. This would allow the market to fully reset and then continue its trend more calmly.
But as we know, the market doesn't always move the way we want it to. No expectations = no disappointments. I continue to monitor the situation and wait for signals from my trading systems.
1. I created an indicator for convenient tracking. If you're interested and following this as well, feel free to add this system to your setup using the link:
2. CME, or the Chicago Mercantile Exchange, is where Bitcoin is traded. For the American market, this is an important opportunity to trade cryptocurrency. Considering that the U.S. accounts for 20% of the global GDP and that 40% of all millionaires in the world are based there, it's clear how significant this market is.
The CME exchange does not operate on weekends, which causes gaps on the chart from the time the exchange closes to the time it reopens. This happens because platforms like Binance, ByBit, OKX, and others trade Bitcoin 24/7. Naturally, the price doesn't stay still waiting for the CME to reopen, which is why these gaps occur. For traders, this is an important chart to monitor closely.
Traders pay close attention to gaps because the price often returns to "fill" the gap, meaning it moves back to the level it was at before the gap occurred. This is similar to how a magnet attracts metal: the price is drawn to the gap.
3. Statistically, 80-90% of gaps are filled, which highlights the importance of these levels.
4. Many traders build strategies around gaps. If you are developing in this direction, you might consider using this as one of the conditions for your own system. If not, it’s still a useful tool that helps explain why the price reached certain levels or reversed from them. Overall, it provides a better understanding of the market.
5. Additionally, a few examples from historical data.
6. I would like to see a scenario where the price drops again to 44k, so that everyone who bought the dip gets shaken out. This would allow the market to fully reset and then continue its trend more calmly.
But as we know, the market doesn't always move the way we want it to. No expectations = no disappointments. I continue to monitor the situation and wait for signals from my trading systems.
Note
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