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$BTC
The CME market opens in approximately 4,5 hours, which is also when oil futures begin trading.
Currently, $BTC is trading around the CME closing price from Friday, meaning there is no open CME gap at the moment.
However, Bitcoin’s next move will likely depend largely on oil price action. As long as oil remains above $94, my bias on Bitcoin remains bearish.
If we see positive developments or de-escalation news from the Middle East, oil prices could decline, which may support upside movement in Bitcoin.