These gaps occur when Bitcoin’s spot price moves significantly during weekends while CME Futures trading is closed, creating an unfilled liquidity zone.
Institutional traders often target these gaps, treating them as magnetic price levels. The current gap aligns with Bitcoin’s 200-day EMA (~$78,782), reinforcing it as a key support area.
With Bitcoin’s 50-day EMA (~$96,577) acting as immediate resistance, a breakdown could accelerate a move toward this CME gap zone, mirroring past retracement patterns.
Double Top Formation Points to a Potential BTC Breakdown
Bitcoin is forming a double-top pattern, a bearish reversal structure comprising two peaks: $108,364 (Top 1) and ~$108,000 (Top 2), with a neckline support of around $91,659.
