As stated in the citation on July 28th, CME BTC1! At 11.84K, there is a gap with a high opening. Based on the current market situation, it is highly likely that we will make up for it At the same time, we found that the gap near 114K has also been filled in As shown in the figure below, CME BTC1 has been trading from 2025 until now! There is still a gap located near 91.3K below that has not been repaired Let's look back at history, CME BTC1 in history! The vast majority of the gaps formed have been filled in But as the saying goes, there is no inevitability in whether the gap will be filled or not. More often than not, it is only certain stages that will have a certain impact on short-term fund sentiment, thereby affecting changes in short-term price trends So, considering the current technological situation, I am still unable to determine whether the 91.3K gap located below will be replenished Relatively speaking, from my personal perspective, looking at the current BTC trend, I believe that 100K will be an important watershed for the BTC market in the future. That is to say, maintaining above 100K may not result in a prolonged downward or volatile trend And once the price falls below this point, whether from the psychological or technical perspective of market investors, it will undoubtedly further increase the emergence of selling pressure and reduce the possibility of purchasing power. Therefore, we may experience a longer period of oscillation or downward trend Of course, what traders care about is not expected analysis, but the birth of trends, and then following the development of real-time trading strategies is the core END.