Just watching BTC hang around that $77.8K area right now, and honestly the whole Bitcoin CME gap situation at $69K is still in the back of traders' minds. Saw some consolidation happening over the weekend, which is pretty typical when you've got these futures gaps sitting below current price. Van de Poppe mentioned Bitcoin tends to react to these CME gap levels during weekends, and you can definitely see it playing out in the charts.



So here's what's interesting - even though BTC pulled back and tested lower, it's holding way above that $69K CME gap zone now. The resistance zones everyone's watching are up around $74.5K and then the bigger targets above $80K. Looks like once the futures market fully opens up, we might see some movement toward those higher levels. Volume picked up during the recent dip, which is the kind of signal traders look for.

Meanwhile altcoins are actually performing better than you'd expect during this Bitcoin consolidation. Some alts are posting smaller losses, and there's steady buying in certain tokens even while BTC was testing support. The Bitcoin CME gap dynamic has historically been a reference point for weekend price action, so traders are definitely keeping an eye on whether we bounce from here or continue grinding higher. The next real catalyst is probably the Monday open and whether we get follow-through toward those prior highs.
BTC-0.96%
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
  • Reward
  • Comment
  • Repost
  • Share
Comment
Add a comment
Add a comment
No comments
  • Pin