Posted March 18Mar 18 Bitcoin CME Futures – 1H Chart AnalysisOverview:The chart represents the Bitcoin CME Futures (1-hour timeframe).The current price is $82,600.There is an identified CME gap between $83,725 - $83,955.Key Observations:CME Gap Formation:A CME gap occurs when there is a price difference between the market close on Friday and the opening price on Sunday.The highlighted zone ($83,725 - $83,955) represents an unfilled gap, a common phenomenon in Bitcoin CME futures.Current Price Action:Bitcoin is currently trading at $82,600, below the CME gap.The price has been experiencing high volatility, with strong bullish and bearish movements.Technical Levels:Resistance: The primary resistance zone is at the CME gap level ($83,725 - $83,955).Support: Key support levels are $82,000 and $81,500, where price may find stability before attempting an upward move.Market Sentiment & Strategy:Historically, CME gaps tend to get filled, meaning Bitcoin may move towards the $83,725 - $83,955 range.If price breaks above $83,955, we may see further bullish continuation.However, if Bitcoin fails to reclaim the gap, a retracement towards $82,000 or lower is possible.Potential Trade Setups:Bullish Scenario: If BTC starts gaining momentum, traders may look for long positions targeting the CME gap fill.Bearish Scenario: If rejection occurs at resistance, short opportunities towards $82,000 - $81,500 could emerge.Conclusion:Bitcoin's CME gap remains a crucial level to watch. Traders should monitor price action around $83,725 - $83,955 for potential movement. A breakout above the gap may trigger further upside, while failure to reclaim could lead to a pullback.