$IBIT Bitcoin Spot ETF currently has two gaps, one above and one below, and the market faces an interesting question: will the upper gap be filled first, or will the lower gap be closed first?

From a technical perspective, these two gaps represent a tug-of-war in the market. If the upper gap is filled first, it indicates that the bulls continue to control the momentum, and the price is likely to break upward; conversely, if the lower gap is quickly filled, it may signal an upcoming correction.

The key still depends on trading volume. Gap theory suggests that the market tends to fill these price voids, but the order in which they are filled determines the subsequent direction. The current question is not whether the gaps will be filled, but the timing and sequence of the filling—this directly impacts short-term trading opportunities. It is worth continuously monitoring $IBIT's volume and price action.