Bitcoin has recently surged directly, with the highest point very close to the historical high. Many friends who haven't entered are feeling anxious, fearing they will miss this wave of market. However, there's no need to worry. We can look at the BTC futures to see which points will be filled if there is a pullback, because from the market's inertia, once a CME gap is created, there is over a 95% probability it will be filled.
The first CME gap was created on the 28th, and it can be clearly seen on the 1-hour and 4-hour K-lines. The futures price is approximately around 67800-68000, which translates to a contract price of around 68050 to 68200.
The second gap was created on the 29th, and this gap is relatively small, clearly visible on the 15-minute chart. The futures price is around 70300-70400.
Recently, these two gaps have not been filled. Of course, further down on September 9th, there is a gap around 54500 that has not been filled yet, but since it is quite far from the current price, we won't discuss it for now. Do you think BTC will retrace again, or will it fluctuate and continue to reach new highs? Feel free to comment and discuss.
