The price of Bitcoin has been trading in a narrow range since the beginning of December, with traders focusing on the CME gap at $94,715. Bitcoin's volatility has slightly decreased, leading traders to analyze primary levels. The 30-minute chart shows Bitcoin consolidating near the $94,500 level after a period of fluctuation. The CME gap has attracted attention, as gaps in CME futures often act as price magnets, with traders anticipating a revisit to "fill" the gap. Weekend trading for Bitcoin can be highly volatile due to reduced institutional activity and lower liquidity. The current consolidation may be a result of traders' uncertainty about the direction, leading them to open large positions. Bitcoin will need to close above the CME gap with heavy volumes to indicate a bullish trend, while a fall below the $94,000 support could lead to a retest of the $93,500 support area. The CME gap and other technical levels will continue to be important as Bitcoin consolidates and its short-term trend is determined.



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