Over the past weekend, Bitcoin experienced a significant sell-off, causing a price discrepancy to form, commonly referred to as a 'gap'. This gap is discernible between the present Bitcoin market price and the closing price from last Friday (as per New York time). Notably, these gaps, often identified in futures markets such as the Chicago Mercantile Exchange (CME), can serve as potential signals for traders. It's currently anticipated that this gap could be filled in the near future. The phenomenon of 'filling the gap' refers to the price retracing its steps back to the level before the gap was formed, thus restoring market equilibrium. The market's response to this development will be closely watched by traders and investors alike.
i agree tho it would be filled if shorts would be higher but they arent. Bulls longed hard and are currently in pain ready to be squeezed. I dont think it is strong enough to reach that high and we will get a big sell off to take liquidity from the longs and liquidate them.