BTC CME GAP TF 1 D chart shows Bitcoin will experience a decline first before continuing the bullish trend. But that doesn't mean the market will change to a bearish trend. This is just a healthy pull back with a fairly large range area.
In the BTC CME GAP chart image, it shows that there is a GAP that must be closed at a price of around 77,930 - 80,670. The GAP closing is supported by the RSI indicator which shows that $BTC is already in the overbought area. " Sooner or later the GAP closing will occur.
In the next image, the Fear & Greed parameter also shows the market position at level 86. This means that many people are greedy and people are Fomo. Big whales will take advantage of this moment to take profit.
For that reason, you should be careful entering the market. If you have made a profit, you should take some profit and to get capital to buy back after the GAP is closed.
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