The correction to 90K was not random. It was a deliberate move to test support, consolidate positions, and, more importantly, close the CME gap.
The main gap has already been closed. There is a smaller one at the 88K level that could still be targeted. But the most significant one is already covered, so we continue with the trend.
This dynamic reflects how large market volumes seek to complete technical structures before continuing with more significant movements.
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liquidation_surfer
· 21h ago
The gap has closed, so it's really about to take off... or does 88K still need to drop another wave?
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DataBartender
· 21h ago
The gap has closed, just go for it.
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MEVVictimAlliance
· 21h ago
Hi there, the gap has been closed. Big players should start making moves now, right?
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ApyWhisperer
· 21h ago
Haha, the gap has been closed. This wave is definitely whales clearing out their inventory.
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OldLeekNewSickle
· 21h ago
Buddy, I've heard this spiel so many times my ears are calloused. Every time the market dips it's "testing support" and "completing the structure," but you never mention any of this when you're cutting my losses.
I have a bullish outlook on Bitcoin.
The correction to 90K was not random. It was a deliberate move to test support, consolidate positions, and, more importantly, close the CME gap.
The main gap has already been closed. There is a smaller one at the 88K level that could still be targeted. But the most significant one is already covered, so we continue with the trend.
This dynamic reflects how large market volumes seek to complete technical structures before continuing with more significant movements.