Take a look at the current trend of #Bitcoin and review the content of yesterday's daily report: 1. The price rebounded and broke through the 1-hour resistance, reversing the 1-hour downtrend. Currently, the 1-hour range is in a slight upward state. 2. The price is still at the lower bound of the 4-hour range, and the overall range is leaning downward. To reverse the downtrend, it needs to break and stabilize above the short-term resistance of 117,600. 3. On the daily level, it is currently at the upper bound of the range, and the trend is relatively optimistic, with the overall range showing a contracting upward state. 4. The drop yesterday did not effectively fill the CME gap, with the lowest position of that gap being 114,375. It is important to note that many friends feel that filling the gap is not very valuable, but as I mentioned yesterday, filling the gap is a high-probability event. It is not absolute, but the probability is quite high and needs to be taken seriously. Moreover, filling the gap is similar to the metaphor of "carving a boat to seek a sword," as it is based on historical trends to make a high-probability logical summary. Therefore, for BTC, historically, the vast majority of gaps have been filled. Of course, some gaps take longer to fill, such as the gap around 92,000, which has not yet been filled. Typically, gaps are filled starting from the nearest ones before moving to the farther ones. The farther the gap, the longer the time cycle to fill it. At the same time, filling a gap is not necessarily a one-time event; it may occur in several stages. Currently, BTC's trend indicates that the first attempt to fill the gap was not successful, and there may be further attempts to fill the gap. For example, from April 7 to April 9 this year, the price trend successfully filled the gap from October 30 of last year over three days. Although the current gap filling may not follow the same trend as the last time, for me, it is a high-probability event that requires vigilance. 5. For me personally, the current smaller 4-hour level needs to break resistance to reverse the short-term downtrend. However, on the overall daily level, I believe the first wave of the pullback has not yet completed, and the weekend trend is still overall weak. Let's continue to observe!