Above $90,000, BTC has dug another "trap"



Recently, an interesting technical signal has appeared on the charts—Bitcoin has left a price gap at the $90,500 level on the CME futures market. Those familiar with technical analysis know that such gaps have a historically high probability of being filled.

To explain it in layman's terms:
Imagine someone jumping stairs, leaping directly from 90,500 to 92,000, skipping a step in between. Given the market's usual behavior, it will most likely retrace and make up for the missed step—either to gain a more stable footing, or to fall even harder.

The market is now divided into two camps:
The optimists see this as a "golden dip," with the pullback being a buying opportunity;
The cautious group thinks it's a "bull trap," and that after filling the gap, the price might continue to drop.

What's interesting is that when everyone is watching the same level, the market often follows the script—though no one knows if it will end as a comedy or a tragedy. The $90,500 mark is definitely worth keeping an eye on going forward.
BTC-1.84%
View Original
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
  • 5
  • Repost
  • Share
Comment
0/400
PuzzledScholarvip
· 12-07 10:52
Is it a trap or an opportunity?
View OriginalReply0
RugDocScientistvip
· 12-07 10:46
After filling the gap, watch the bulls' outcome
View OriginalReply0
LoneValidatorvip
· 12-07 10:44
Playing it safe actually earns more
View OriginalReply0
JustAnotherWalletvip
· 12-07 10:32
More are crying themselves dizzy, fewer are laughing.
View OriginalReply0
token_therapistvip
· 12-07 10:30
The gap is just a break before takeoff.
View OriginalReply0
  • Pin
Trade Crypto Anywhere Anytime
qrCode
Scan to download Gate App
Community
  • 简体中文
  • English
  • Tiếng Việt
  • 繁體中文
  • Español
  • Русский
  • Français (Afrique)
  • Português (Portugal)
  • Bahasa Indonesia
  • 日本語
  • بالعربية
  • Українська
  • Português (Brasil)