$BTC CME Weekly Gap Update
What is a Gap?
A gap forms when there is a difference between the weekly closing price and the opening price of the following week.
Gaps represent market moves during the weekend when traditional markets are closed.
1. Bullish Gap: If the gap is above the current price, it signals potential upward momentum, often seen as a bullish signal.
2. Bearish Gap: If the gap is below the current price, it suggests downward pressure, often seen as a bearish sign.
Current Market Situation:
If there is a Bullish Gap above the current price, we may see upward pressure next week, with targets potentially hitting new highs.
A Bearish Gap below the current price could indicate a short-term pullback or a correction.
Keep an eye on these gaps for potential trading opportunities!
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