$IBIT Bitcoin Spot ETF currently has formed two gaps above and 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 market tug-of-war. If the upper gap is filled first, it indicates that the bulls continue to control the pace, and prices are expected to continue breaking upward; conversely, if the lower gap is quickly closed, it may signal an upcoming correction.

The key is to watch volume confirmation. Gap theory shows that markets tend to fill these price voids, but the order of filling determines the subsequent direction. The current question is not whether the gaps will be filled, but rather the timing and sequence of the filling—this directly affects short-term trading opportunities. It's worth continuing to monitor the price-volume performance of $IBIT.