As I write this post, the trading week is well into Thursday 1:30pm NY session. in another 27 hours, traditional markets will close for the weekend.

Why this matters? As traditional markets and banks close, it is harder for liquidity to enter the market. With lesser liquidity, price movements over the weekend tend to be more erratic and more unpredictable.

We have a CME gap at around 39600 for $BTC Whether this gap will be filled before the weekend? If the gap is not to be filled, a new gap may be formed around 44,500-45500 area which serves as the new support for Bitcoin.

Currently bearish Biased until the gap is filled or new gap is opened