1% Bitcoin CME Gap Formed, Futures Market Data Analysis

11月5日

This morning, a ~1% gap formed on the Bitcoin CME futures chart.
Given that the gap occurred after a sharp decline, it’s important to consider the possibility of both a gap fill and a retest of recent lows in the short term.

The Coinbase Premium remains in negative territory, though it has shown slight improvement compared to yesterday, suggesting that U.S. spot selling pressure has somewhat eased.


In addition, Open Interest has increased, with data indicating a rise in short positions.
This suggests that selling pressure has been building during the recent decline, which may lead to a period of heightened short-term volatility and consolidation before the gap is fully filled.

Summary:

• CME Gap Range: Approximately 1%
  
• Market Structure: Short-term downtrend followed by consolidation
  
• Coinbase Premium: Still negative, but slightly improved
  
• Open Interest: Increasing (inflow of short positions)
  

📍In the short term, it is crucial to monitor whether the price enters the gap fill zone and retests the recent lows, while maintaining support at 98K, which remains a key short-term level.

11月5日

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After the approximately 1% CME gap was filled, Bitcoin retested the recent lows and is now showing signs of attempting to break above the upper boundary of the gap.
A successful breakout above the gap could be interpreted as a short-term bullish reversal signal.