2022-05-08 10:47:31

#Gate.ioDaily

I have told you lot of times earlier that BTC could go down to 34k, and it’s now at its major support.

Now BTC is only about 2k away from the CME gap at 32.2k. If BTC breaks one of the strongest supports, 34k, then it can fill this gap.

Another CME Gap that will be formed at 36k if BTC doesn’t pump witihin the next 14 hours.

FUTURES MARKET UPDATE

• Funding Rates: BTC is Neutral, ETH is Positive (slightly bearish)

• Fear and Greed Index: 18 - Extreme Fear (bullish)

• Long to Short Ratio: Almost Equal (neutral)

In the past 24 hours, over $270 million have been liquidated. $227M were longs and $44M were shorts.

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