The gap in #ETH has not been completely filled; futures data shows that it is still about 20 points away from being fully filled.
It should be noted that when I previously said the gap was "mystical," it was a joke.
In fact, strictly speaking, a gap can be understood as a futile search for a sword in a boat.
Looking back at the historical market trends, we find that gaps are likely to be filled, which is why the gap theory is used.
Of course, it's the same old story: gaps are divided into "breakout" gaps and "regular" gaps.
The gap for #Bitcoin at 92,000 is currently a typical breakout gap, which is difficult to fill in the short term.
#ETH The magical "gap filling" has begun, ETH is falling along with #Bitcoin into the "gap filling zone", and the price must drop to 4096 to completely fill the gap.
If we look at the drop percentage of ETH's gap filling, there is still 1.7% room left.
If it falls in sync with BTC, that means BTC would need to drop to the third support mentioned in today's report, which is around 111,300.
Of course, it's important to remind again that gap filling does not happen all at once. As mentioned frequently over the past few months, it often rebounds halfway through the filling, then oscillates for a few days before filling completely, so please be careful to distinguish.
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