The price of BTC futures on the Chicago Mercantile Exchange closed the lower part of the July gap. Now it is important to hold the level of $57,880 as a gap breaker. Otherwise, on the CME the target will be the EMA 200 of the daily TF, currently $55,620.
While the#BTCfutures price is breaking through the gap range downwards. Despite this, the situation is developing according to a more positive scenario for the bulls. After all, now the price has no gap at the bottom in this local picture. And the gap remains only at the top. The new August gap that appeared over the weekend is also partially closed.
The full current range of the gap that needs to be closed at the top is $59,460-$62,540. And the range of $59,460-60,840 within its framework is a kind of “double emptiness”. Untraded area and July 12-15, and August 2-5. A visually strong “magnet” that can be blocked by an impulse.
But for the “magnet” to work from above, a change in trend is needed. But the decline continues, yesterday’s announcement has been updated and#BTCon spot is already below $57,000.
