A CME gap refers to the difference in price between the closing price of a financial instrument (such as Bitcoin) on the Chicago Mercantile Exchange (CME) and its opening price when trading resumes after a weekend or holiday.
Some traders and analysts pay close attention to CME gaps in Bitcoin, as they believe that these gaps may act as support or resistance levels in the market. However, it's important to note that not all CME gaps are filled, and that the market can move in unpredictable ways.
That being said, CME gaps in Bitcoin have gained a lot of attention in recent years due to the cryptocurrency's volatile price movements. Traders and analysts often watch for potential gaps that may be filled in the future, and use this information as part of their trading strategies.
Some traders and analysts pay close attention to CME gaps in Bitcoin, as they believe that these gaps may act as support or resistance levels in the market. However, it's important to note that not all CME gaps are filled, and that the market can move in unpredictable ways.
That being said, CME gaps in Bitcoin have gained a lot of attention in recent years due to the cryptocurrency's volatile price movements. Traders and analysts often watch for potential gaps that may be filled in the future, and use this information as part of their trading strategies.