Eseandre Mordi
⬤ Bitcoin pulled back during the latest session, dropping below the $87,830 CME reference level that traders watch closely for short-term positioning. The decline happened during off-hours when liquidity thins out, pushing BTC down to the $87,600-$87,700 range after it couldn't hold onto earlier gains. The move came after price got rejected near $88,800, sending it back to a familiar trading zone.
⬤ The CME level around $87,830 has been acting as a technical marker, and now price is sitting just underneath it. This looks more like short-term hesitation rather than a clear trend forming, especially since it happened outside regular CME trading hours when fewer participants are active.
While BTC is moving down, the absence of strong follow-through and the proximity to the CME level increase the risk of premature entries.
⬤ Traders are being warned against rushing into short positions right now. Without strong momentum backing the move and with price hovering near the CME level, jumping in too early could backfire. Better opportunities might show up once CME markets reopen and liquidity picks up again. These CME levels tend to influence how Bitcoin moves when traditional markets come back online, often triggering volatile reactions as institutional flows return. The next session should give clearer signals about where things are headed in the near term.
Eseandre Mordi
