$BTC
BTC retraced to 92k: Bitcoin's price went up and to $92,000.
CME gap pending: On the CME (Chicago Mercantile Exchange) Bitcoin Futures chart, there's still a gap (an area where trading didn't happen) that hasn't been filled yet. In trading, gaps often act as price targets — the market tends to come back and "fill" these gaps.
New CME gap opened above: Recently, another new gap has appeared at a higher level than the current price.
CME gaps as magnets: Actually I am emphasizing that CME gaps often "pull" price towards them — like a magnet 🧲— because traders expect the gaps to get filled.
I hope I explains well. If not feel free to ask questions.
