Saad Ullah
⬤ Bitcoin just wrapped up a technical milestone on the CME futures chart before turning south. The higher 2026 CME gap got filled during Wednesday night, wiping out the upside magnet that had been pulling price higher. The 4-hour CME chart shows Bitcoin couldn't hold above the consolidation zone and started rolling over.
⬤ After filling that gap, Bitcoin dropped back below its former support around the low $91,000s. Price got rejected near the upper range and slid toward $90,300-$90,600 pretty quickly. This pattern matches how CME gaps typically behave—they pull price in, then often trigger a reversal once they're filled.
⬤ Now that the upper gap is done, traders are looking at the next big level on the CME chart. There's an unfilled gap sitting near the 2025 yearly close around $88,200. These CME gaps usually act as downside targets during pullbacks, especially when momentum fades after hitting a previous objective.
⬤ This matters because CME gap dynamics tend to drive Bitcoin's short-term moves and volatility. A drop to $88,200 would mean the correction is gaining steam after the gap fill. Until Bitcoin pushes back above those earlier consolidation levels, these CME reference zones will likely keep steering price action.
Saad Ullah
