Yesterday's Market Review: The market experienced a collective correction, with BTC touching the first CME gap level, currently in a rebound phase. Interestingly, while the US stock market declined simultaneously, the cryptocurrency market demonstrated strong resilience, contrasting the performance of the two major asset classes.



Specifically:

Regarding BTC, the price has reached the CME gap support, with initial signs of a rebound. Notably, there was an unfilled CME gap last week, indicating multiple key levels for subsequent movements. How the weekend market develops will be an important reference for judging next week's direction.

Regarding ETH, its performance is also worth noting. In the context of BTC's early adjustment, Ethereum's subsequent performance will directly influence the rhythm of the entire mainstream coin ecosystem.

As the weekend approaches, market liquidity may decrease, so it is recommended to pay close attention to the pressure on these key gaps.
BTC-0,13%
ETH-0,01%
View Original
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
  • Reward
  • 6
  • Repost
  • Share
Comment
0/400
LiquidityWizardvip
· 14h ago
cme gap support is actually just price finding its equilibrium... statistically speaking tho, weekend volume collapse usually kills these "reversal narratives" we keep hearing about
Reply0
YieldWhisperervip
· 01-09 23:50
nah the math on these "gap fills" doesn't actually check out... seen this exact technical setup collapse in 2021
Reply0
RugPullAlarmvip
· 01-09 03:53
Is the gap support coming back? I want to see how long it can hold this time. Last time, it was said that the key level would be broken through directly, but it didn't.
View OriginalReply0
TokenCreatorOPvip
· 01-09 03:52
Gaps, gaps, gaps. I'm very familiar with this trick; I still need to fill them next week.
View OriginalReply0
CryptoNomicsvip
· 01-09 03:42
actually, if you run a basic correlation matrix between equity drawdowns and btc resilience, you'll notice the decoupling narrative completely falls apart under scrutiny. the cme gap thesis is statistically significant, sure, but everyone's ignoring the endogenous liquidity factors at play here.
Reply0
ReverseFOMOguyvip
· 01-09 03:40
Damn, another gap, another gap. Will it be filled this time? Feels like we're talking about position every day.
View OriginalReply0
  • Pin

Trade Crypto Anywhere Anytime
qrCode
Scan to download Gate App
Community
  • 简体中文
  • English
  • Tiếng Việt
  • 繁體中文
  • Español
  • Русский
  • Français (Afrique)
  • Português (Portugal)
  • Bahasa Indonesia
  • 日本語
  • بالعربية
  • Українська
  • Português (Brasil)