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- 🧠 #GateGiveaway# - Crypto Math Challenge！
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After Bitcoin hits a new high, it pulls back by 5%. The CME futures gap may become a key support.
On July 15, after reaching a historic high this week, Bitcoin fell 5% to $116,850. Analysts indicated that some Bitcoin holders took profits, leading to the decline. The recent rise in Bitcoin left a gap in the CME futures market between $114,380 and $115,630. Futures gaps are usually "filled," and traders often operate based on market structure, treating these price levels as resistance levels or support levels. If history serves as a reference, the BTC price may eventually fall to fill the CME gap at $114,400.
Cryptocurrency analyst Mikybull Crypto stated on Tuesday: "Bitcoin is likely to fill the CME gap during the CPI data release, and then continue to pump." However, Michael van de Poppe, founder of MN Capital, pointed out that there is a possibility for Bitcoin to further fall to $108,000.