Crypto Equities Move Higher Pre-Market, But There’s a Twist
According to Velo data, Mondays have averaged negative returns over the past month. However, this Monday started in the green as bitcoin climbed above $106,000, reclaiming a key technical level the 365-day moving average, which has acted as an important long-term support throughout this cycle. That moving average currently sits near $102,444.
However, a small Chicago Mercantile Exchange (CME) gap has formed around $104,170 from weekend trading. A CME gap occurs when bitcoin’s price on CME futures opens higher or lower than where it closed the previous session, typically over the weekend when CME markets are closed.
Historically, these gaps often get “filled” as price action revisits those levels, suggesting a short-term downside…
