Bitcoin Targets CME Gap at $104,000 as Government Shutdown Resolution Boosts Risk Appetite

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Bitcoin traders are closely monitoring the latest CME futures gap, which spans from Friday’s close at $104,160 to Sunday’s open at $110,370.

This $6,000 “missing” price action often attracts short-term moves. With Bitcoin trading near $105,900, market focus is on whether the asset will fill the gap or continue to climb away from it.

CME Bitcoin futures trading pauses after Friday’s close and resumes on Sunday evening.

If Bitcoin experiences sharp price movement during this break, a chart gap forms between the last trade and the new opening price. Traders monitor these gaps as key indicators of price action. Historically, over two-thirds of CME gaps since 2022 have closed within 48 hours.

The current gap emerged as spot prices rallied over the weekend, driven by improving sentiment in risk assets. Progress in Washington regarding the end of the government shutdown reduced fiscal uncertainty, aiding a rebound in equities, crypto, and gold.

The US dollar weakened during early European trading, while Treasury yields eased, creating conditions that boost risk exposure.

BTC targets CME gap at $104,000 as shutdown end buoys risk

Graph showing the price of Bitcoin futures on CME and the CME gap (yellow) from Nov. 7 to Nov. 10, 2025 (Source: TradingView)

On charts, the CME gap band extends from $104,160 to $110,370, placing the current spot price roughly halfway within it. A quick move through the lower edge could complete the “fill,” a term traders use when spot price retraces into the gap’s empty zone and trades back across it.

Alternatively, if buyers defend current levels and momentum persists above $106,000, the gap could remain open for a longer period.

Intraday setups revolve around this range. A decisive move below $104,000 could trigger short-term unwind pressure toward the $102,000-$103,000 zone, where liquidity is more pronounced on Coinbase order books.

Holding above $106,000-$107,000, conversely, would signal resilience and may allow futures to realign with spot prices without a deep retracement.

For context, CME has recorded four material weekend gaps since late summer. Three closed within 24-48 hours; one, from early September, remained open for more than a week before eventually filling. These episodes tend to compress volatility temporarily before resuming the prior trend.

As the US market open approaches, traders are watching whether the resolution of the shutdown and the broader risk-on tone provide enough momentum to keep Bitcoin from revisiting the full $104,000-$110,000 range, or if the futures magnet pulls it back once again.

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