BTC quickly closes weekend gap!

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  • BTC has a rather larger than normal move over the weekend
  • We saw price take another leg lower hitting the $3,400 region
  • That did cause a gap down on futures BUT it was short lived as we popped right back into the void and have now filled it
  • We continue to remain below both EMAs and below both monthly opens at the moment and until we can regain either/or both, bulls need to proceed with caution here
  • This strong move up this morning is good to see but the next few hours and even daily close will give us a good idea of what the possible next move to come is
  • Something to keep in mind are the remaining gaps left to fill at $4,300 and $3,200
  • Bakkt ETF decision is approaching as well so we could see a pump into the news and very likely see a "sell the news" event afterward


Thanks guys!

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