BTC CME GAP Still open

The infamous CME (Chicago Mercantile Exchange) gap!

Current Status:

- CME Gap: $11,700 - $12,100 (approx.)

- BTC Price (4-hour TF): $62,839.80

- Gap Status: Open

Historical Context:

- CME gaps have a high fill rate (~85-90%)

- Most gaps fill within 1-3 months

- Recent examples: Feb 2021 ($45,500 gap filled), July 2021 ($35,500 gap filled)

Technical Analysis (4-hour TF):

- RSI (14): 53.27 (neutral)

- MACD (12, 26): 202.12 (bullish)

- Moving Averages:

- 50-MA: $61,439.19

- 100-MA: $59,551.19

- 200-MA: $47,833.19

Bullish Factors:

1. CME gap as a potential support level

2. Rising trend line from July lows

3. Bullish MACD crossover

Bearish Factors:

1. Overbought RSI levels (potential consolidation)

2. Resistance at $65,000 - $67,000

Probability of Gap Fill:

Based on historical data and technical analysis, there's a moderate to high probability (~60-70%) that the CME gap will be filled in the coming days/weeks.

Possible Scenarios:

1. *Gap Fill*: BTC price drops to $11,700 - $12,100, filling the gap.

2. *Consolidation*: Price consolidates between $60,000 - $65,000 before deciding on next move.

3. *Breakout*: Price surges above $65,000, potentially targeting $70,000 - $75,000.