Arrived as expected! The final blow to fill the gap!
The pie fell more than 5% during the day and as of press time, the price fell below 6.50,000 to 6,000,000 US dollars. It can be said that the support at the hourly and four-hour levels has fallen through, and there is no sign of a rebound in volume.
The articles we published within a week repeatedly mentioned the CME gap below BTC, which is located in the 65500-63600 area. When the futures market opens today, it will also appear at this price to complete this covering.
Why is CME’s covering a very healthy correction? Because compared to BTC’s spot, the investment structure of futures is mainly composed of institutional investors and professional traders. They pay more attention to the medium and long-term trend of BTC rather than the short-term. Fluctuations will also lead to different market expectations between CME and spot, resulting in different price manifestations. #BTC
However, if this gap is completely filled, it can be said that this hidden danger will be eliminated. In this wave of falling market, the best position for batch bargain hunting will be the low point of 63,000 US dollars until March 5th. 5w9 USD area. $BTC $ETH $BNB
