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.
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PuzzledScholar
· 12-07 10:52
Is it a trap or an opportunity?
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RugDocScientist
· 12-07 10:46
After filling the gap, watch the bulls' outcome
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LoneValidator
· 12-07 10:44
Playing it safe actually earns more
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JustAnotherWallet
· 12-07 10:32
More are crying themselves dizzy, fewer are laughing.
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.