Bitcoin started the week with notable strength, opening exactly where it left off on Friday, thereby avoiding the typical “CME gap” often observed over the weekend.
As shown in the 15-minute BTC/USD chart, shared by by market analyst Daan Crypto Trades, price action has cleanly respected the CME close and open levels, with the market quickly retracing to fill the magnet-like liquidity zone around $108,200 before continuing its upward trajectory.
This gap fill and bounce highlight the strong participation and liquidity around CME-related levels, reinforcing their relevance for short-term traders.
Macro Influences: EU Tariff Delay and U.S. Market Pause
Adding to the macro backdrop, a significant delay in the implementation of the proposed by President Trump 50% EU tariff has been confirmed, now postponed to July 9. This delay gives markets some breathing room and may have helped lift sentiment over the weekend.
Equities have responded positively, with pre-market U.S. stock indices rising over 1%. However, traditional markets in the U.S. remain closed today and will only reopen tomorrow, leaving Bitcoin and crypto markets to react in isolation to global developments.
Bitcoin Still Strong — But Facing Resistance Near Highs
While Bitcoin maintains its bullish momentum, it’s currently facing strong resistance around its previous all-time highs from earlier this year. As mentioned by Daan Crypto, short-term price action remains choppy, especially on low timeframes, and many altcoins continue to lack clear direction in the near term.
Still, the lack of a weekend CME gap, strong pre-market equities, and delayed tariff implementation offer a mix of technical and macro signals supporting near-term bullish resilience — albeit in a choppy environment.
With the U.S. markets reopening tomorrow and more macro catalysts on the horizon, traders are advised to stay attentive to both price structure and news flow in the days ahead.
Kosta Gushterov
Reporter at Coindoo
Kosta has been a part of the team since 2021 and has solidified his position with a thirst for knowledge, incredible dedication to his work and a “detective-like” mindset. He not only covers a wide range of trending topics, he also creates reviews, PR articles and educational content. His work has also been referenced by other news outlets.
Source: https://coindoo.com/market/btc-opens-flat-after-cme-close-eyes-resistance-near-all-time-highs-as-eu-tariff-delayed/