Bitcoin monthly chart shows a gap, and this signal should not be underestimated. Looking back to 2022, the same gap appeared once, and everyone knows the result — a straight plunge from 48,000 to 15,000, a decline of 67%.

Although the current market is macro-wise optimistic and Bitcoin's long-term trend is still in an upward channel, the risks indicated by the K-line are indeed present. My judgment is that even if there will be short-term attempts to push higher, the liquidity at the 75,000 level will almost certainly be hunted. If the price does not break through that level, it could be a high-level sideways consolidation or a direct move downward to seek support. Going further down, the 50,000 mark is also possible; although the probability is smaller, it’s something to watch out for.

Gaps are essentially a range, and where they will react depends on the detailed performance at the minute level. Don’t be fooled by a single factor; look more at small-cycle confirmations.