💥💥LONG THU AE PAY ATTENTION! 🤔🤔🤔
I see that both Western and Vietnamese traders are expecting $BTC to fill the CME GAP at 60,000 USD (as shown below).
👉Actually, such an expectation is reasonable, because in most cases (maybe over 70%), CME GAPS will be filled.
However, you should pay special attention to the difference between each time BTC fills the GAP, which is... TIME.
🤔For example, there is clearly a 60k GAP, and the price of $BTC is also very close to the GAP (57K). But Bitcoin can completely test 50k again, before actually going up to fill the GAP. 👉 At that time, LONG players with large leverage will likely leave!
Your plan is still correct, the price still hits the target, but in the end you still lose. 😅😅😅
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Considering the 1D long-term framework, Bitcoin still has a fairly deep CME GAP at 20,000 USD. This is also the argument for many people with bearish views to believe that BTC will dump to 20k before entering a new uptrend cycle.
However, CafeBit believes that the price of 20,000 USD is very difficult to achieve at present, especially after Bitcoin has undergone the 4th Halving, causing the total cost to create 1 coin $BTC to increase much higher than before.
In the event that BTC reaches 30K, not only traders, but even miners will turn off their machines and stop playing. At this price, they can completely invest capital to directly buy BTC, instead of trying to maintain the entire mining system.
🤔🤔According to you, is the data about Bitcoin GAP on CME reliable?
