
Over the weekend, #Bitcoin sharply dropped, creating a gap in BTC's futures price, currently between 78,700 and 81,800. Good news: Once BTC stabilizes, the demand to fill this gap could potentially push the price back up to around 81,800. Bad news: Whether the gap gets filled still depends on the price stabilizing first. Moreover, filling the gap only indicates a potential rebound level, not the sustainability or strength of the rebound. Going forward, we still need to observe whether the price can effectively stabilize and initiate a rebound, as well as how the price behaves after the rebound—whether it consolidates and remains stable.
