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The Bitcoin CME gap refers to the price difference between the closing price of Bitcoin futures on the Chicago Mercantile Exchange (CME) on Friday and the opening price on the following Monday. Since CME Bitcoin futures trade only on weekdays, while the spot market operates 24/7, gaps often form over the weekend.
These gaps are closely watched by traders because they tend to act as magnetic price levels, meaning the price often moves to fill these gaps in the future. The current value of the Bitcoin CME gap depends on the specific gap being analyzed, as multiple gaps can exist at different price levels.
To determine the current CME gap value, traders monitor the difference between the most recent Friday\“s closing price and the subsequent Monday\“s opening price. This gap represents an area where price discovery didn\“t occur during regular trading hours, creating potential trading opportunities when the spot price approaches these levels.
Many analysts believe that CME gaps provide valuable insights into market sentiment and potential support/resistance zones. The persistence of unfilled gaps can indicate strong momentum in one direction, while filled gaps often signal a reversal or consolidation phase in Bitcoin\“s price action. |
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