$BTC has already positioned above one of the most crucial CME gap zones at between 89,400 and 89,800, and traders are closely watching this area.

Such holes can serve as an attractant to price movements, particularly in times of high volatility.

This is especially important, as almost 95 percent of all CME gaps were filled within the same week over the last six months.

As $BTC is used to doing, a retrace back to this range is a very likely short-term trend.

Players in the market are observing keenly whether $BTC will go down to seal this gap before trying another upward leg. This technical aspect may be a significant factor in the future course of BTC.