BTC/USD (54k CME Gap Filled)

💎Technical Analysis Summary💎



Bitcoin CME Futures

-Bitcoin creates a big CME price gap from 62k down to 57k zone
-We didn't see any bounce up reaction to fill the big CME gap above
-But what BTC did is filling the small gap last March 29 around the 55k-54k area
-Currently, the price is trailing just above the 200MA support at the 6H time frame
-If BTC holds this area, the next potential job is to complete filling up the price gap above
-This is only my bullish scenario regarding the CME price gaps
-Not all price gaps get filled all the time, this is only our future reference of potential price action
-The most important thing is to follow our trading plan and correct risk management
-As of now, the market is still not stable, I recommend waiting a bit longer to confirm our next bias
-Being patient is also a key to success because you are waiting for the proper timing to get back in
-Have a nice day everyone!



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