Peter Smith
⬤ Bitcoin CME futures are holding strong above $90,000, recently consolidating around $90,530 after a solid upward push. While the excitement around breaking that psychological level is real, traders are keeping an eye on something more technical—the possibility of a double CME gap forming underneath current prices. These gaps, sitting around $88,720 and $88,175, haven't been filled yet, and Bitcoin has a well-documented habit of eventually revisiting these empty zones on the chart.
⬤ The current price structure shows BTC previously dipped into this region before bouncing back toward $90K. Now that the market's stabilized after its rapid climb, those unfilled gaps are becoming talking points again as the new trading week gets underway. The one-hour chart reflects this cautious mood—Bitcoin's moving in relatively tight ranges, and the dotted lines marking the possible gap area serve as a visual reminder that these levels still matter from a technical standpoint.
⬤ Intraday volatility continues, though it's contained compared to the initial surge past $90,000. Bitcoin CME futures are up more than 2 percent in the current session, showing underlying strength even as attention shifts to what might happen below. CME gaps aren't just technical quirks—they often become psychological reference points that influence how traders react when prices approach them. If Bitcoin does pull back toward that $88K zone, the response there could shape short-term momentum. On the flip side, staying firmly above $90,000 would reinforce the current bullish setup and keep the focus on higher targets rather than backward-looking price levels.
Peter Smith
