Market watchers point to MSTR futures breaking above their 50-day moving average, a historically bullish signal when accompanied by rising open interest. This technical move has triggered momentum traders to add long positions aggressively. Bitcoin (BTC), up 2.5% in the past 24 hours, has created a CME futures gap between $110,000 and $111,335. That's the difference between its prices when the CME market closed for the week on Friday and reopened on Sunday. MSTR futures gained 3.4% in early trading, buoyed by a spillover rally from Nasdaq tech leaders. However, technical chartists caution resistance overhead could halt gains unless BTC breaks new highs. Options traders on MSTR futures are paying higher premiums for weekly calls expiring Friday, which could indicate expectation of short-term catalysts like crypto ETF approvals.
