BTC CME opens the Monday trading with a price gap from 9100-8275 areas. This is a huge gap and the price is currently sitting at the key zone of support which has been the old resistance from Nov 2019-Jan 2020 trading history. If Bitcoin can hold this level for the next 24-48 hours. there is a potential to flip this area into new support territory. Also, giving the fact that all hourly time-frame has entered the oversold conditions, we may likely see a relief bounce to the upside and potentially try to fill the gap. Please treat this with caution as the bounce may happen is just a normal reaction, not true trend-line reversal. Further price action is needed to confirm a market shift to the upside.