Bitcoin Analysis: CME Gap, Open Interest, and Upcoming Volatility
I posted 2-3 days back when BTC was trading between 86000-87000 that btc is bearish, because:
1) we had a cme gap below 2) perp was leading the rally from 82k till 88k 3) spot was selling 4) open interest was increasing with price of btc dropping which means bearish-ness is more.
Now, today is saturday , CME is closed. Yesterday CME closed at $84,045 - BTC is trading right now at $82,422 - any move lower than current on till monday, btc will have another higher CME gap.
Bitcoin Analysis: CME Gap, Open Interest, and Upcoming Volatility.
I posted 2-3 days back when btw was trading between 86000-87000 that btc is bearish, because:
1) we had a cme gap below 2) Perp was leading the rally from 82k till 88k 3) Spot was selling 4) Open interest was increasing with the price of btc dropping which means bearish-ness is more.
Now, today is saturday , CME is closed. Yesterday CME closed at $84,045 - BTC is trading right now at $82,422 - any move lower than current on till monday, btc will have another higher CME gap.
Monday and Wednesday is imp as monday is 31st - volatility due to monthly closing and 2nd is april due to Trump's tariff news.