CME Bitcoin futures gap, should it be filled?

The CME Bitcoin futures gap may be filled, and the specific filling time depends on various factors such as market conditions, fundamental factors, regulatory changes, and trader sentiment.

CME Bitcoin Futures Gap: Will It Be Filled?

Answer:

The CME Bitcoin futures gap may be filled, but the specific timetable for the filling time is uncertain.

Details:

The CME Bitcoin futures gap is the $4,500 spread that was not filled between March 16 and 17, 2023. The gap formed after the market fell sharply during the weekend shutdown.

Possibility of gap filling:

• Technical analysis: Technical traders generally believe that price gaps will eventually be filled. This is because gaps indicate discontinuities in price action, and the market may attempt to restore equilibrium by covering the gap.
• Fundamental Factors: If the Bitcoin market experiences a major decline or rally, this could trigger a correction towards the gap zone. For example, if the price of Bitcoin drops significantly, traders may cover the gap to lock in profits.

Timetable for filling:

The timetable for gap filling may vary depending on market conditions. It may occur over a period of days, weeks, or longer. If the market remains stable or rebounds, the likelihood of gap filling will be even lower.

Influencing factors:

Factors affecting CME Bitcoin futures gap filling include:

• Bitcoin overall market trend
• Macroeconomic events
• Regulatory changes
• Trader sentiment

Conclusion:

The CME Bitcoin futures gap may be filled, but the specific timetable for the filling time is uncertain. A variety of factors will affect whether and when the gap is filled.

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