Well, even by ordinary reasoning, I think this zone - here the opening & closing prices of each yearly candle inside the red frame are densely clustered - will be a considerably strong & solid price range
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Pink waveform: 12-hour baisis downward volatility amplification boundary line
Yellow waveform: Daily baisis downward volatility amplification boundary line When
$BTC is moving under these boundary lines, there is a high possibility that the drop will continue
🚨Therefore, taking a contrarian long position carries significant risk
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