Technical Concerns Behind BTC's Surge to $90,000: Can the CME Gap Become a Turning Point?

According to the latest market data, Bitcoin is currently priced at $91.27K, with a 24-hour increase of 1.33%, attempting to push towards the $90,000 mark during the first US trading week of 2026. However, this upward movement hides underlying technical risks.

Downside Risks Triggered by CME Gaps

Recently, the CME futures market has shown a clear downward gap, which has become a key short-term risk point for technical analysts. TradingView chart data indicates that BTC has already begun testing this area during Asian trading hours. Crypto trader Daan Crypto Trades warned traders on social media to closely monitor the gap this week, as gaps often attract price to fill them.

Bearish Correction Targets for Bulls to Watch

Technical analyst TheKingfisher recently issued a warning that BTC price may experience a correction around the time of the Wall Street open, with a downside target near $88,000. This prediction mainly aims to clear overly optimistic long positions and achieve a technical market correction. On-chain data from CoinGlass shows that market liquidity has indeed been increasing ahead of the Wall Street open, indicating that large traders are actively entering the market.

Gold and Cryptocurrency: Opposite Extremes

Compared to Bitcoin’s volatility, traditional safe-haven asset gold has performed remarkably well since the New Year. XAU/USD has approached the $4,400 level. In the performance comparison of 2025, gold emerged as the biggest winner, while BTC lagged behind. However, market analysis suggests that Bitcoin’s current correction is not a bear market signal but should be understood as a technical consolidation before a major rally—seemingly calm but brewing for the next wave.