Step 1: 2B Sell Pattern Confirmation
On the BTC daily chart, the 2B Sell setup (failure at $126K) signals a potential medium-term trend reversal — from bullish to corrective.
That means price is likely to seek liquidity below prior supports, which often aligns with CME gap fills.
🔹 Step 2: CME Gap Context
There’s indeed a CME gap (Chicago Mercantile Exchange Bitcoin Futures) left around the $91K–$93K zone.
CME gaps occur because the futures market closes on weekends, while the crypto spot market trades 24/7.
Historically, over 85–90% of CME gaps eventually get filled, especially when they align with major technical targets.
🔹 Step 3: Pattern + Gap Alignment
2B Sell breakdown neckline ≈ $108K
Measured move target ≈ $90K–$92K
CME gap zone ≈ $91K–$93K
📈 So yes — the 2B sell’s projected target aligns almost perfectly with the CME gap area.
That means if the bearish momentum continues, BTC could retrace into that $91K–$93K region to fill the gap before finding a major bottom or reversal setup.
Summary Bias:
The 2B Sell pattern + CME gap confluence makes the $91K–$93K region a high-probability magnet for BTC price action in the coming weeks — unless price reclaims above $118K with strong volume.
On the BTC daily chart, the 2B Sell setup (failure at $126K) signals a potential medium-term trend reversal — from bullish to corrective.
That means price is likely to seek liquidity below prior supports, which often aligns with CME gap fills.
🔹 Step 2: CME Gap Context
There’s indeed a CME gap (Chicago Mercantile Exchange Bitcoin Futures) left around the $91K–$93K zone.
CME gaps occur because the futures market closes on weekends, while the crypto spot market trades 24/7.
Historically, over 85–90% of CME gaps eventually get filled, especially when they align with major technical targets.
🔹 Step 3: Pattern + Gap Alignment
2B Sell breakdown neckline ≈ $108K
Measured move target ≈ $90K–$92K
CME gap zone ≈ $91K–$93K
📈 So yes — the 2B sell’s projected target aligns almost perfectly with the CME gap area.
That means if the bearish momentum continues, BTC could retrace into that $91K–$93K region to fill the gap before finding a major bottom or reversal setup.
Summary Bias:
The 2B Sell pattern + CME gap confluence makes the $91K–$93K region a high-probability magnet for BTC price action in the coming weeks — unless price reclaims above $118K with strong volume.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
