A CME gap between $108,000 and $108,400 formed during early BTC futures trading on June 30.
Bitcoin is currently trading at $107,512, with 24-hour support at $107,379 and resistance at $108,771.
CME gaps have historically filled early in the week, making this gap zone a high-interest level.
Bitcoin CME Futures have opened the week with a notable gap below the current price level, raising fresh interest among market watchers. The chart shows a visible CME gap between the $108,000 and $108,400 levels. Historically, most CME gaps fill early in the trading week.
So far, recent months have seen a consistent pattern of these gaps closing soon after the week begins. With Bitcoin currently priced at $107,512 and showing a modest 0.5% 24-hour gain, attention has turned toward whether this new gap will close in the coming sessions.
New CME Gap Forms Between Key Levels
The newly formed gap sits below the present trading range, from around $108,000 to $108,400. During the early hours of June 30th, BTC CME Futures jumped sharply, leaving behind this unfilled range on the 15-minute chart. This movement pushed prices past the $109,000 mark before retreating slightly. As of now, Bitcoin CME Futures trade at $108,870. The gap remains open, drawing focus as historical trends suggest a possible revisit to that level.
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However, this gap comes at a time when BTC holds above both short-term support and resistance levels. The nearest support is currently located at $107,379. On the upside, resistance stands at $108,771. These levels bracket the gap area, making it a key region to monitor.
Volume Surge Highlights Key Gap Zone
Trading volume rose during the session when the gap formed, indicating stronger market activity. The volume surge supported the rapid price rise from the $107,000 area. Notably, prices spiked just before traditional U.S. trading hours, marking a common timeframe for volatility in futures markets.
Now that the CME gap remains unfilled, analysts are monitoring volume behavior as prices approach this region again. Given the resistance level overlaps with the upper boundary of the gap, any price rejection could test how strongly buyers hold current support. The reaction in this range may influence short-term market direction.
BTC Range Holds as Price Hovers Near CME Gap Threshold
Bitcoin's 24-hour range places it between the established support at $107,379 and resistance at $108,771. With the CME gap situated just above support, any price decline may close the gap quickly. Reversion to the $108,000 region might initiate increased volatility, and in the event that volume booms once more.
The actions of the asset in the vicinity of the thresholds are intensely observed by market participants. The price action that follows will greatly depend on the strength of the short-term buyers whether the price will retest the gap area or drive higher. Each move around this range offers critical clues to BTC's immediate outlook.
