CME Gap: These are price windows which are created due to price fluctuations on weekends where CME is closed but Bitcoin is still active.
We had 2 major unfilled gaps from the 2022 down trend. This week one of those gaps from 2022 June is now filled while the gap from May is still pending.
Also there was a minor gap created in December which was cleared this month. Sametime a new gap is created in February within price ranges of 20300 to 21200.
So currently we have a bullish gap and a bearish gap. Based on the current state I have more weightage on the bearish gap to be filled first.
As we reach the month end where CME expiry will occur this month for both monthly and quarterly futures and options.
I'm more in to bearish sentiment at this moment.
We had 2 major unfilled gaps from the 2022 down trend. This week one of those gaps from 2022 June is now filled while the gap from May is still pending.
Also there was a minor gap created in December which was cleared this month. Sametime a new gap is created in February within price ranges of 20300 to 21200.
So currently we have a bullish gap and a bearish gap. Based on the current state I have more weightage on the bearish gap to be filled first.
As we reach the month end where CME expiry will occur this month for both monthly and quarterly futures and options.
I'm more in to bearish sentiment at this moment.
