Bitcoin eyes CME gap below as BTC price dips 2.5%, risks $100K collapse

💡 DMK Insight

Bitcoin’s recent dip to fill the CME futures gap is more than just a technical maneuver; it signals potential weakness in the bullish narrative surrounding the $100,000 support level. Traders should be cautious, as a failure to hold this level could lead to a cascade of selling pressure, especially with the RSI showing signs of bearish divergence. This isn’t just about Bitcoin; altcoins often follow BTC’s lead, and a sustained drop could trigger a broader market correction. Moreover, the current market sentiment is fragile, with macroeconomic factors like inflation and interest rates looming large. Institutional players are likely watching closely; if they perceive weakness, they might pull back, exacerbating the situation. Keep an eye on the volume profile—if we see a spike in selling volume, it could indicate that the bears are gaining control. As we head into the end of the month, historical patterns suggest that volatility often increases during this period. Traders should monitor key price levels closely, particularly around $90,000 and $85,000, as these could serve as critical support zones. The next few days will be telling, so stay alert for any shifts in momentum.